UK inflation is expected to reach the Bank of England's 2% target for the first time in three years. This development may not lead to lower interest rates, disappointing those anticipating a cut. Chancellor Sunak may not benefit from this achievement due to timing.
Inflation to fall to Bank of England 2% target, but interest rate cut unlikely https://t.co/7kH8KVFJ2l
UK inflation looks set to hit the 2% target https://t.co/lM5KU7ni7l via @John_Stepek https://t.co/lqt6zpUU46
UK inflation looks set to hit the Bank of England's 2% target. But where will it go next? The good news is that, barring shocks, it will likely behave. But those hoping for much lower interest rates should prepare for disappointment. https://t.co/NWL7YEVTRN
Inflation could finally hit the Bank of England’s 2 per cent target for the first time in three years when May’s figure is unveiled this week @CallumCMason reports https://t.co/FAJGfVrahu
UK inflation may fall to 2% target, but too late to save Sunak https://t.co/XyZBt8oj66 via @tomelleryrees https://t.co/vOaInMtsKU