City markets see a 50/50 chance that the Bank of England will cut interest rates by March, after inflation fell faster than expected again in November.
The rate of inflation fell to just 3.9%, well below the expected 4.3% and October’s 4.6%. That brings the rate of price rises much closer to the Bank’s 2% target, and means prices have only risen by 0.7% over the last six months.
