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Home » UK inflation pressures stay hot, reducing chance of August rate cut

UK inflation pressures stay hot, reducing chance of August rate cut

The Business Times by The Business Times
1 year ago
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Summary

  • British inflation remains at 2% in June, defying forecasts for a slight fall
  • Strong underlying price pressures reduce the likelihood of a Bank of England rate cut in August
  • Services inflation remains high at 5.7%
  • Core inflation stays at 3.5%

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