Chances of November interest rate cut jump, and pound falls, as UK inflation drops to 1.7% – as it happened
UK inflation drops to just 1.7% in September, weakening pound and raising chances of an interest rate cut in November. Pound drops below $1.30 09:18 The pound is continuing to fall, and has now hit an eight-week low against the US dollar.
UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut
Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting.
UK inflation drops to 1.7% - increasing likelihood of further interest rate cuts
This month's inflation rate is also normally used to set April's increase in benefits including jobseeker's allowance, maternity allowance, housing benefit and universal credit.
Pound falls as UK inflation declines more than expected to 1.7%
UK inflation fell more than expected to a three-year low of 1.7% in September, prompting the pound to fall and traders to increase bets on further rate cuts from the Bank of England this year. Wednesday’s data release by the Office for National Statistics showed inflation was back under the BoE’s 2% target for the first time since April 2021.
Eurozone annual inflation rate down to 1.7% in September
Annual inflation rate in the Euro Are was revised lower to 1.7% in September, compared to initial estimates of 1.8%, and 2.2% in August. CPI decreased 0.1% in September 2024 over the previous month. ETFs: (EWG),
Pound sinks below $1.30 as traders bet on interest rate cuts after inflation hits lowest level for more than three years
Bank of England governor Andrew Bailey (pictured) has been urged to pick up the pace on cuts as yields on ten-year UK bonds dropped to as low as 4.055%.
U.K. Inflation Falls To 1.7% in Sept, Spurs Hopes For BOE Rate Cut
Inflation in the U.K. fell to 1.7% in September, marking its first dip below the Bank of England's 2% target since April 2021. This sharper-than-expected decline has raised market expectations for a potential 25-basis-point rate cut in November.
Jumbo Rate Cut Not A Lock Despite Inflation Dropping Below 2%
Canadian inflation cooled to 1.6% in September, but does that mean the Bank of Canada could cut interest rates by 50 basis points at its next meeting? Click to read.
UK fuel duty rise would rekindle inflation, warn motoring groups
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Inflation drops below Bank of England target for first time in over three years
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Case for quick ECB rate cuts mounts as growth weakens and inflation is tamed