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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Inflation set to hit Bank of England's 2% target, but MPC not expected to cut interest rates

Bank of England Inflation Interest Rates

Inflation is set to hit the Bank of England’s 2% target when official figures for May are released tomorrow, but it is not likely to be enough to make the Bank of  England cut interest rates this week, City economists say.

According to a survey of economists for data provider Refinitiv, inflation is set to fall to exactly 2% when May figures are published tomorrow.

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