UK inflation remains nearly double target ahead of expected interest rate hold

Inflation in the U.K. held steady at 3.8% in the year to August, a day before the Bank of England is widely expected to keep interest rates on hold ... Read More

UK inflation still double the Bank of England's target rate, says data

Inflation in the UK is still high at 3.8 per cent as prices of food and drinks spiked for the fifth month in a row, revealed data released by the Office for National Statistics. But despite the ... Read More

Stubborn Inflation Puts Bank Rate Cut In Balance

Food And Fuel Keep August Rate At 3.8% All eyes are on the Bank of England’s Bank Rate decision at noon tomorrow following today's an ... Read More

U.K. Inflation Holds at High Level Ahead of Bank of England Meeting -- 3rd Update

The looser labor market should bring down inflation back to similar rates as in the eurozone and U.S., allowing the central bank to cut rates to 3% by the end of next year, Capital Economics chief U.K ... Read More

UK inflation heat puts Bank of England back in the spotlight

LONDON, Aug 20 (Reuters) - British inflation looks set to hit 4% next month, double the Bank of England's target and a level likely to add to nervousness at the central bank about the risk of price ... Read More

UK jobs market slows again, offering some inflation relief to Bank of England

Britain's jobs market has lost a little more steam, official data showed on Tuesday, potentially easing worries at the Bank of England about persistent inflation pressures. Read More

Economy Primed for Lower Interest Rates as Inflation Remains a Problem

Now that the Federal Reserve has signaled lower interest rates are likely to come in the next month or so, attention will turn back to the underlying health of the economy. That will be clearer this ... Read More