British inflation fell to its lowest since March last year, according to official data that strengthened the case for an interest rate cut soon by the BoE, even as a measure of underlying price pressures remained strong https://reut.rs/46O4n9B | Reuters
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UK inflation hits lowest in nearly a year at 3.0%
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The Governor of the Bank of England has publicly warned that an interest rate cut in March is certainly not guaranteed. This highly cautious tone gently dampens public hopes for immediate financial relief for millions of people currently holding mortgages. ⠀ Speaking directly to a parliamentary committee this week, Andrew Bailey confirmed that overall headline inflation dropped to 3% in January. However, he noted that the deeper economic data is actually much more complicated and stubborn than m
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