UK economy: Interest rate cut a ‘certainty’ in February after weak data
A February interest rate cut is a “certainty” after new data suggests that inflationary pressures are weaker than previously thought, but the path beyond remains unclear.
Economists expect the Bank of England to back a third rate cut next month after two important pieces of economic data were published this week.
Figures out on Wednesday showed that the headline rate of inflation fell to 2.5 per cent in December, down from 2.6 per cent previously and below expectations.
Rate-setters will likely have been paying particular attention to services inflation, which is a good gauge of domestic price pressures.
https://www.cityam.com/uk-economy-interest-rate-cut-a-certainty-in-february-after-weak-data/
