Tag: boosts

  • Surprise fall in inflation boosts interest rate cut hopes

    Surprise fall in inflation boosts interest rate cut hopes

    UK inflation unexpectedly dipped in December, raising expectations of an interest rate cut next month. Prices rose 2.5% in the year to December, down from 2.6% the month before, marking the first fall in inflation for three months. The drop was driven by hotel prices falling and smaller rises in airfares than usual, but prices…