Could falling US inflation allow the Bank of England to start reversing recent rate hikes?
The Office for Budget Responsibility predicts that UK inflation will fall to 2.9% by the end of 2023. Figures published today show that annual inflation in the United States fell to 5% in March, down from 6% in February and a 40-year high of 9.1% in June 2021. The latest figures for the UK show that CPI inflation saw an unexpected rise to 10.4% in February, following three consecutive months of falls. However, growth remains below the peak of 11.1% in October…
