11:48 - 18.02.2026

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February 18, Fineko/abc.az. Annual inflation in the UK fell to 3.0% in January from 3.4% a month earlier, reinforcing expectations of an interest rate cut by the Bank of England at its March meeting.

ABC.AZ reports that although the indicator is still above the target level of 2%, the regulator predicts that inflation will return to the target in the spring - faster than expected.

On a monthly basis, consumer prices decreased by 0.5%, while core inflation slowed to 3.1% year-on-year. Salary growth excluding bonuses also weakened to 4.2%.

Earlier, the Monetary Policy Committee, by a majority of 5 against 4, kept the rate at 3.75%, the lowest since February 2023.