Inflation set to plummet below 5%… but ‘economic growth slowing’
It held interest rates at 5.25% yesterday, announcing the surprise drop in inflation at the same time. It means Prime Minister Rishi Sunak is likely to fulfil a pledge to halve inflation by the end of this year to around 5.4%. It stood at 6.7% in September. The Bank expects the rate will fall further next year, as energy and […]
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