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  • The Independent

    Fears interest rate cuts will be delayed after inflation falls less than expected

    by Joe Middleton Apr 17, 2024 3 minutes
    Source: PA Wire

    UK inflation slowed less than expected in March, leading economists and traders to be cautious about possible interest rate cuts in the summer.

    The figures released by the ONS on Wednesday morning showed that inflation was 3.2 per cent in March, slightly higher than the 3.1 per cent predicted by economists.

    Despite inflation falling it does not mean that prices are falling, only that they are rising at a slower pace. However, this is still the lowest level inflation has been at since September 2021.

    ONS chief economist Grant Fitzner said: “Inflation eased slightly in March

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