19 hours ago UK inflation rate: what it means for interest and mortgage rates, Bank of England 2024 target explained

Inflation has dropped to 1.7%, falling below the Bank of England’s target for the first time since April 2021 📉

Economics

20 hours ago What this unexpected inflation drop means for your spending, savings and mortgages

Inflation dropped below the Bank of England target rate last month for the first time since April 2021, according to new figures.

Economics

22 hours ago Budget 2024 – latest: Inflation falls to lowest rate in three years, Reeves ‘eyes £40bn’ in cuts and spending

Value of pound has fallen after this morning’s announcement

Economics

22 hours ago Odds of November interest rate cut jump as UK inflation drops to 1.7% – business live

UK inflation drops below 2% target in September, weakening pound and raising chances of an interest rate cut in NovemberToday’s report shows that prices in the UK are rising a little slower than in Germany (where inflation was 1.8% on an EU-harmonised basis), but faster than in France (where harmonised CPI was just 1.5%).With inflation firmly below the Bank of England’s 2% target, policymakers could potentially cut interest rates at their final two meetings of 2024.“For the first time in more than three years inflation is back below the Bank of England’s 2% target. With inflation falling below this level and the pace of wage growth slowing, the conditions appear ripe for another rate cut at the Bank of England’s next decision in early November, and maybe even the one after in December t...

Economics

22 hours ago UK inflation falls to 1.7%: Rate drops below Bank of England target for first time in three years amid lower flight and petrol costs as hopes build of further interest rates cut next month

The rate of Consumer Prices Index inflation decreased to 1.7% in September from 2.2% in August, marking the first time it has fallen below the 2% target for over three years.

Economics