UK inflation falls to 3%, giving hopes of early cut in interest rates

January annual drop is lowest level since March 2025, although still above Bank of England’s 2% targetBusiness live – latest updatesUK inflation tumbled to 3% in January, giving a boost to hopes of an early cut in interest rates by the Bank of England.The drop was in line with a majority of City economists’ forecasts and marks the lowest level since March 2025. Continue reading…