Published
It's taken nearly three years, but the inflation rate has finally fallen back to the Bank of England's target.
It fell to 2% in May, down from 2.3% in April.
But experts are warning that the Bank of England is still likely to hold fire on any interest rate cuts until after the 4th of July, meaning some electoral benefits may bypass the Tories.
(Subscribe: https://bit.ly/C4_News_Subscribe)
-----------------------
Follow us:
Facebook - https://www.facebook.com/Channel4News/
Twitter - https://twitter.com/Channel4News
TikTok - https://www.tiktok.com/@c4news
Instagram - https://www.instagram.com/channel4news/
It fell to 2% in May, down from 2.3% in April.
But experts are warning that the Bank of England is still likely to hold fire on any interest rate cuts until after the 4th of July, meaning some electoral benefits may bypass the Tories.
(Subscribe: https://bit.ly/C4_News_Subscribe)
-----------------------
Follow us:
Facebook - https://www.facebook.com/Channel4News/
Twitter - https://twitter.com/Channel4News
TikTok - https://www.tiktok.com/@c4news
Instagram - https://www.instagram.com/channel4news/
- Category
- Journals
- Tags
- interest rates, economy, bank
Sign in or sign up to post comments.
Be the first to comment
Up Next
Autoplay
-
01:30
Ukraine fertility rate drops: Lowest birth rate since independence 30 years ago
-
44:46
Bank of Canada discusses inflation, economy after key interest rate raised 50 basis points | FULL
-
53:55
Bank of Canada holds interest rate as economy weakens, inflation cools | FULL
-
04:57
Hold onto your wallets – inflation rate hits highest rate in a generation
-
08:36
Chancellor says UK economy 'turned a corner' after inflation drops to 2.3%
-
01:46
Inflation rate remains at Bank of England's 2% target rate - but what's to come?
-
01:44
Inflation rate: Ghana's inflation rate for July 2022 surges to 31.7%
-
04:07
Infrastructure plan drops 'inflation bomb' on US economy: Sen. Lee
-
55:21
Ghana’s rising Inflation rate and the Economy - PM Business on Joy News (12-5-22)
-
05:48
Hiring surged in July as U.S. economy exceeds expectations despite inflation, rate hikes
-
01:33
Inflation rate drops ahead of key Fed meeting
-
29:57
Ghana's inflation rate drops to 45% in March 2023 from 52.8% - JoyNews
-
06:01
U.S. economy adds more jobs in face of inflation and interest rate hikes
-
06:23
Inflation Rate: Ghana’s inflation rate for July 2022 surges to 31.7% - News Desk on JoyNews
-
27:28
Inflation drops to 35.2%: October figure attributed to marginal decline in food inflation
-
05:03
News Wrap: Fed indicates robust economy, inflation could drive more rate hikes
-
03:07
India's Fertility Rate Drops Below Replacement Rate: National Family Health Survey
-
11:44
UK economy: will latest interest rate hike actually curb inflation?
-
03:38
US economy grew in final quarter of 2022 despite inflation and interest rate hikes | ABCNL
-
01:37
US Fed holds interest rate steady, but signals rate hike "soon" to fight inflation
-
02:28
Decline in the rate of non-food inflation contributed significantly to the new rate (11-11-20)
-
02:38
Canada's inflation rate drops to 5.2% in February
Loading...