The small drop in the inflation rate – from 3.8 per cent to 3.6 per cent – announced on Wednesday morning is the latest indication that a fourth interest rate cut of the year is expected before the end of 2025.
The Bank of England’s Monetary Policy Committee voted to hold rates at 4 per cent at the start of November, but there is one final vote to come in 2025 – on 18 December.
