Signs of peak inflation open door to earlier Bank of England interest rate cuts
by Phillip Inman from on (#70XZM)
Policymakers under pressure for rethink after price growth in UK remained at 3.8% in September
Has UK inflation peaked? The latest official figures showing price growth in the UK stayed at 3.8% in September seem to suggest so.
The statement cannot be made with absolute certainty yet but many economists reacted to the latest consumer prices index (CPI) data with a message that the only direction for inflation over the rest of the year was down.
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