Inflation fall could prompt Bank to ditch interest rise
Daily Record|September 21, 2023
THE Bank of England could ditch a rate hike today after a surprise dip in inflation last month.
GRAHAM HISCOTT
Inflation fall could prompt Bank to ditch interest rise

Economists thought the Bank would up its base rate from 5.25 per cent to 5.5 per cent - the 15th rise in a row.

But the Office for National Statistics yesterday revealed inflation slowed from 6.8 per cent to 6.7 per cent in August.

This story is from the September 21, 2023 edition of Daily Record.

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This story is from the September 21, 2023 edition of Daily Record.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.