News
Further interest rate cut expected
The Bank of England is expected to cut interest rates further following the announcement that inflation has fallen for the first time since August last year. In its October figures, the Office for National Statistics revealed the annual rise in the consumer prices index (CPI) fell to 4.5%, down from the 16 year high of 5.2% recorded in September. Falling fuel and food prices were credited as the main drivers behind the change.
