UK interest rate cut expected in March after inflation drop
LONDON (AP) — Inflation in the U. K. fell to a 10-month low largely on the back of lower food and gas prices, official figures showed Wednesday, a downward move that has reinforced expectations that the Bank of England will cut interest rates in March. The Office for National Statistics said the consumer prices index was 3% higher in January than the year before, down from 3. 4% in December. The decline was in line with analysts' expectations and puts inflation well on the path to the bank's...
Read MoreWed, 18 Feb 2026
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