UK inflation rises to 2.1%

clock • 2 min read

UK inflation unexpectedly rose above target in July to 2.1%, just 24 hours after wage growth hit an 11-year high of 3.9% and the employment rate reached a fresh record.

The two factors combined mean the Bank of England (BOE) is more likely to raise interest rates in 2020 than cut them, according to economists - unless we see a negative Brexit outcome. Exp...

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