Sticky inflation dampens Bank of England's rate cutting prospects

MPC to meet on Thursday

Linus Uhlig
clock • 3 min read

Data from the Office for National Statistics (ONS) today (18 June) revealed UK inflation remained stuck well above the Bank of England’s 2% target, dampening the chances of an interest rate cut later this week.

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Linus Uhlig
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Linus Uhlig

Linus Uhlig is a senior reporter at Investment Week

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