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Surprise UK inflation fall raises prospect of BoE rate hike pause

LONDON (Reuters) -Britain's high inflation rate unexpectedly slowed, raising the prospect of the Bank of England pausing its long run of interest rates hikes as soon as Thursday. The pound fell and investors saw a nearly 50-50 chance of rates staying on hold at the BoE's September meeting after the consumer price index sank to an 18-month low of 6.7% in August. That was only a small fall from July's 6.8% but flew in the face of forecasts by economists polled by Reuters - and the...
City Of United Kingdom Andy Bruce Hugh Lawson William Schomberg Yael Selfin
Source: yahoo.com

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