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UK inflation climbs to 2.3%, above Bank of England target

Hosted on MSN · 5h

UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations

The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.

The Guardian on MSN · 39m

UK inflation climbs to 2.3%, above Bank of England target, after energy bills rise – business live

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UK inflation jumps to 2.3% in October, exceeding Bank of England’s target

The unexpected increase complicates expectations of another interest rate cut in December, following the Bank’s recent decision to reduce rates by 25bps.

Inflation soars back above Bank of England target in sharpest spike for two years

Inflation has rebounded back above the Bank of England’s 2 per cent target, driving up the cost of living at an ...

7h

UK Inflation Climbs More Than Forecast to 2.3% on Energy

UK inflation accelerated more than forecast to well above the 2% target, a pickup that keeps Bank of England officials on ...

6h

What rising inflation means for you: HUGO DUNCAN on why it dashes hopes of a Christmas Bank of England rate cut

The jump in inflation announced today - from 1.7 per cent in September to 2.3 per cent in October - has dashed any lingering ...

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