Signs of peak inflation open door to earlier Bank of England interest rate cuts

Policymakers under pressure for rethink after price growth in UK remained at 3.8% in SeptemberUK inflation remains at 3.8% for third month in a rowBusiness live – latest updatesHas UK inflation peaked? The latest official figures showing price growth in the UK stayed at 3.8% in September seem to suggest so.The statement cannot be made with absolute certainty yet but many economists reacted to the latest consumer prices index (CPI) data with a message that the only direction for inflation over the rest of the year was down. Continue reading...