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The Independent UK
The Independent UK
National
Kate Devlin and Andy Gregory

Bank of England under pressure to cut interest rates after surprise inflation fall

Bank of England Inflation Interest Rates Economy Jeremy Hunt Rachel Reeves ​​Rishi Sunak
PA Wire

The Bank of England is under mounting pressure to cut interest rates to help homeowners after a surprise fall in inflation gave consumers “an early Christmas present”.

Falling petrol prices helped curb inflation to 3.9 per cent, the lowest rate in two years and well below Rishi Sunak’s target of 5 per cent by the end of the year.

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