U.K. Inflation Falls To 1.7% in Sept, Spurs Hopes For BOE Rate Cut

Benzinga
Benzinga
  • 10 hours ago
Inflation in the U.K. fell to 1.7% in September, marking its first dip below the Bank of England's 2% target since April 2021. This sharper-than-expected decline has raised market expectations for a potential 25-basis-point rate cut in November. Core inflation in the U.K. fell to 3.2% in September, down from August. Economists caution that inflation could rise again in October due to a regulatory energy price cap increase.

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