The Governor of the Bank of England, Andrew Bailey, hinted that the bank might lower interest rates even before inflation reaches its 2 per cent target. Speaking to the Treasury select committee, Bailey noted a rapid decline in UK inflation…

Inflation rate in April reached highest in three and a half years to 2.7 percent and one of the primary contributions to it is rising cost of electricity. Office of National Statistics also blamed the rise in cost of air…

The consumer prices in United Kingdom exceeded forecasts last month and resulted with raising the inflation to the highest level in more than a year. The five-year break-even inflation rate of UK jumped 3 basis points to 2.587 per cent,…