UK inflation slows beyond anticipated.

UK's annual inflation rate fell more than expected in February to 3.4%, marking the lowest level since September 2021. The decrease was primarily due to a notable drop in food prices. Despite inflation remaining above the Bank of England's 2% target, this development has added complexity to the decision-making process for policymakers regarding future interest rate changes, sparking speculation of potential interest rate cuts in the coming months.

March 19, 2024
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