Forbes on Nostr: Interest Rates & Inflation: Prices Up By 2.3% Solidifies Hopes For June Bank Rate Cut ...
Interest Rates & Inflation: Prices Up By 2.3% Solidifies Hopes For June Bank Rate Cut
==========
UK annual inflation fell to 3.4% in February, its lowest level since autumn 2021, down from 4% in December. The Bank of England is expected to keep interest rates at 5.25% for the fifth consecutive time since August last year. The Federal Reserve has also held interest rates at 5.25% to 5.5%. The US annual inflation rate rose to 3.2% in February, up from 3.1% in January. The European Central Bank has left borrowing costs untouched across the Eurozone, potentially paving the way for interest rate cuts later this summer. The Bank of England's next rate-setting decision is due on 9 May.
#UkInflation #BankOfEngland #InterestRates #FederalReserve #UsInflation #EuropeanCentralBank
https://www.forbes.com/uk/advisor/personal-finance/2024/05/22/inflation-rate-update/
==========
UK annual inflation fell to 3.4% in February, its lowest level since autumn 2021, down from 4% in December. The Bank of England is expected to keep interest rates at 5.25% for the fifth consecutive time since August last year. The Federal Reserve has also held interest rates at 5.25% to 5.5%. The US annual inflation rate rose to 3.2% in February, up from 3.1% in January. The European Central Bank has left borrowing costs untouched across the Eurozone, potentially paving the way for interest rate cuts later this summer. The Bank of England's next rate-setting decision is due on 9 May.
#UkInflation #BankOfEngland #InterestRates #FederalReserve #UsInflation #EuropeanCentralBank
https://www.forbes.com/uk/advisor/personal-finance/2024/05/22/inflation-rate-update/