Summary
Rate cut chances dimmed by surprise inflation rise
THE prospect of an early reduction in interest rates from 4.75% receded today on news that inflation spiked to its highest for six months in December. The headline Consumer Price Index rose to an annual rate of 1.6%, against expectations of a fall to 1.4%. The blame was laid on household bills, fuel, transport and toys, which all became more expensive.See the full content of this document
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