UK Inflation Falls to 2.6% in March, Increasing Pressure on Bank of England

34 posts • OpenAI (o1)

Updated Apr 16, 2025, 07:34 AM

UK inflation fell more than expected in March, increasing pressure on the Bank of England to cut interest rates. The Consumer Prices Index (CPI) rose by 2.6% in the 12 months to March 2025, down from 2.8% in February and below economists' forecasts of 2.7%, according to the Office for National Statistics. The decline was driven by a drop in petrol prices and lower costs in recreation and cultural activities. Core inflation, which excludes volatile items such as energy and food, eased to 3.4% from 3.5% in February, matching economists' expectations. The lower-than-expected inflation may prompt the Bank of England to reassess its monetary policy stance as the economy faces potential threats from new tariffs. With inflation moving closer to the central bank's 2% target, policymakers might consider cutting interest rates to support economic growth.

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Sources

reuters.com(4)ft.com(2)forexlive.com(2)standard.co.uk

Reuters Business

@ReutersBiz

British inflation slowed to its weakest in three months in March according to official figures that showed other measures closely watched by the Bank of England cooling too. More here: https://t.co/DKpecdqYW3

Reuters

@Reuters

British inflation slowed to its weakest in three months in March according to official figures that showed other measures closely watched by the Bank of England cooling too https://t.co/htHFFEvuib