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Home Business

No change in inflation rate ahead of interest rate decision

by DigestWire member
September 18, 2024
in Business
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No change in inflation rate ahead of interest rate decision
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There’s been no change in the rate of price rises, official inflation figures showed.

The rate of inflation stood at 2.2% in August, the Office for National Statistics said, the same as a month earlier.

The announcement comes the day before interest rate setters at the Bank of England decide on the cost of borrowing, controlled through the interest rate.

Markets are expecting only a 37% chance of an interest rate cut.

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