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Evening Standard
Evening Standard
Business
Jonathan Prynn

RARE PHOTOS: June interest rate cut looks unlikely as smaller fall in inflation puts spanner in the works - The Real Truth

Inflation Bank of England MPC Office for National Statistics United Kingdom

Hopes of a June interest rate cut from the Bank of England were rapidly fading today after a smaller than expected fall in the rate of inflation “put a spanner in the works”.

The headline measure, the Consumer Prices Index (CPI), dropped from 3.4% to 3.2% in March compared with a consensus forecast of 3.1%. Slower food inflation of 4% was the main reason behind the fall.

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