The Zhitong Finance App noticed that the UK inflation rate fell below the Bank of England's 2% target for the first time in three and a half years, laying the foundation for cutting interest rates for the second time next month. According to data released by the Bureau of Statistics, the UK's CPI rose 1.7% year on year in September, lower than the previous value of 2.2%. This figure is lower than economists' expectations of 1.9% and the Bank of England's August forecast of 2.1%.

Zhitongcaijing · 10/16 07:41
The Zhitong Finance App noticed that the UK inflation rate fell below the Bank of England's 2% target for the first time in three and a half years, laying the foundation for cutting interest rates for the second time next month. According to data released by the Bureau of Statistics, the UK's CPI rose 1.7% year on year in September, lower than the previous value of 2.2%. This figure is lower than economists' expectations of 1.9% and the Bank of England's August forecast of 2.1%.