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The Independent UK
The Independent UK
Business
Vicky Shaw

Hopes raised that upward pressure on mortgage rates could start to ease

Inflation the EY Item Club Andrew Montlake Bank of England
PA Archive

A bigger-than-expected slowdown in inflation has fuelled hopes that the upward pressure on mortgage rates could start to ease.

Consumer Prices Index (CPI) inflation was 7.9% in June, down from 8.7% in May and its lowest rate since March 2022, according to the Office for National Statistics (ONS).

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