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UK ‘Firmly on Track’ to Reach 2% Target Inflation, Hunt Says
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UK inflation fell more sharply than expected to the lowest level in 2 1/2 years, bolstering investor expectations that the Bank of England will be able to reduce borrowing costs in the coming months.
The Consumer Prices Index rose 3.4% in February from a year earlier, compared with 4% pace the month before, the Office for National Statistics said Wednesday. The figure was lower than the median of 3.5% predicted by economists and the BOE, although it was in line with the Bloomberg Economics’s forecast.
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The Consumer Prices Index rose 3.4% in February from a year earlier, compared with 4% pace the month before, the Office for National Statistics said Wednesday. The figure was lower than the median of 3.5% predicted by economists and the BOE, although it was in line with the Bloomberg Economics’s forecast.
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Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
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