Blow to interest rate cut hopes as inflation remains above Bank of England target
Inflation in the UK has fallen close to the Bank of England’s 2% target, but still came in higher than expected in a blow to hopes of an interest cut this summer.
The rate of price rises in the UK dropped to 2.3% in April, according to the Office for National Statistics (ONS). That is the lowest rate since July 2021.
It’s still
