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UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut
UK inflation fell to 3.2% in November, the lowest in eight months, increasing chances of an interest rate cut by the Bank of England at its upcoming meeting.
- The U.K.'s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on Thursday.
- Core inflation, excluding energy, food, alcohol, and tobacco, also rose by 3.2% in the year to November, down from 3.4% in October.
- Growth in the U.K. remains stubbornly low, with the economy eking out only a 0.1% expansion in the third quarter, according to the most recent data.
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21 Articles
21 Articles
Coverage Details
Total News Sources21
Leaning Left3Leaning Right3Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 23%
C 54%
R 23%
Factuality
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