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    Interest rate cut hopes pushed back after slower-than-expected inflation fall

    by Henry Saker-Clark Apr 19, 2024 3 minutes
    Source: PA Wire

    UK inflation slowed slightly less than expected last month, leading to City economists and investors trimming their forecasts for interest rate cuts this year.

    Official figures showed that inflation dipped in March to its lowest level since September 2021, driven by slower increases for food prices.

    The Office for National Statistics (ONS) said Consumer Prices Index inflation stood at 3.2% in March, down from 3.4% in February.

    It showed a slowdown in the rising cost of living, but was still above the 3.1% reading expected by a consensus of

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