Inflation Spike Is a Worry for Consumers, Businesses and the Bank of England

BoE must cut rates despite hotter-than-expected inflation: deVere CEO

The Bank of England should press ahead with cutting interest rates next month – despite a surprise uptick in inflation – says the CEO of one of the world’s largest independent financial advisory and asset management organisations. UK headline inflation rose to 3.6% in June, data from the Office for National Statistics showed on Wednesday, ahead of the 3.4% expected by economists and unchanged from the previous month. Core inflation, which strips…

Inflation spike is a worry for consumers, businesses and the Bank of England

Bank of England must cut rates despite hotter-than-expected inflation - London Business News

The Bank of England should press ahead with cutting interest rates next month – despite a surprise uptick in inflation – says the CEO of one of the world’s largest… The post Bank of England must cut rates despite hotter-than-expected inflation appeared first on London Business News