January annual drop still leaves rate above Bank of England’s 2% targetBusiness live – latest updatesUK inflation tumbled to 3% in January, giving a boost to hopes of an early cut in interest rates by the Bank of England.The drop was in line with a majority of City economists’ forecasts and marks the lowest level since March 2025. Continue reading... Source link : https://www.theguardian.com/business/2026/feb/18/uk-inflation-falls-interest-rates-bank-of-england Author : Phillip Inman Publish date : 2026-02-18 07:01:00 Copyright for syndicated content belongs to the linked Source.