'Not nailed on': New inflation figures cast doubt on next rate cut

'Not nailed on': New inflation figures cast doubt on next rate cut

Inflation has remained steady for the third month in a row, but a slight rise in the underlying figure may...

Data released by the UK National Statistics Office on May 21 showed that in April this year, the UK's inflation rate reached 3.5%, the highest level since January 2024. The pressure on the Chancellor of the Exchequer has increased. It is widely expected that the Bank of England will slow down the pace of further interest rate cuts.