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Evening Standard

Holly Williams

What could upcoming inflation figures mean for interest rates in the UK?

Inflation Interest Rates United Kingdom Huw Pill Bank of England PA Graphics Pantheon

The Bank of England could cut the base rate if, as expected, inflation falls (PA) - (PA Wire)

Inflation is expected to have fallen back to its lowest level for nearly a year in Wednesday’s official figures for January, in a boost to interest rate cut hopes.

Most economists are forecasting Office for National Statistics (ONS) data to show Consumer Prices Index (CPI) inflation fell back sharply to 3% in January from 3.4% in December, according to Pantheon Macroeconomics.

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