Odds of UK interest rate cut this week fall after core inflation rises; IMF postpones Russia visit after backlash – business live
Sep 18, 2024
UK inflation rate remained unchanged last month, as air fares rose and petrol prices dropped, but underlying inflation has risenWhat would a Federal Reserve interest rate cut mean for you?Despite fears of a Taylor Swift effect, hotel and restaurant prices actually fell last month.Today’s inflation report shows that prices at restaurants and hotels fell by 0.7% in August, compared with July. Continue reading...