Official figures this week are set to show inflation in the UK falling again, to 3.5%, but the City still sees almost no chance of the Bank of England cutting interest rates on Thursday.
Inflation figures will be published on Wednesday morning, just one day before the Bank of England makes its latest interest rates decision. The headline measure of prices, the Consumer Price Index, is expected to show a 3.5% inflation rate, down from 4.0% in January. That would mark the first fall in the rate of inflation since November’s figures. Inflation unexpectedly rose in December and was flat in January.
