British inflation eases in February, offers room for interest rate adjustments

March 20, 2024 Business Desk

Consumer prices rise 3.4% annually, the lowest since September 2021.

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Data suggests the Bank of England may have more confidence in rate cuts.

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Core inflation, excluding energy and food, slows to 4.5%.

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February's inflation data could impact the Bank of England's upcoming decisions.

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Economists and the Bank of England expected a slightly higher inflation rate.

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