UK inflation holds steady at 2% as stubborn services prices dash rate cut hopes

Remains at the BoE’s target level

Sorin Dojan
clock • 1 min read
The Bank will unlikely cut rates this summer, as services inflation remained at 5.7% in June
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The Bank will unlikely cut rates this summer, as services inflation remained at 5.7% in June

UK inflation stood steady at 2% in June, unchanged from the figures released the prior month.

Core CPI, which excluded food, alcohol and tobacco, reached 3.5% in the year to June, the same as a month before, according to figures published by the Office for National Statistics today (17 July...

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Sorin Dojan
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