Base rate cut hopes fade as inflation rises to 4%
Market expectations that the Bank of England will begin to cut base rate in May are fading after fresh data showed a surprise jump in inflation last month.
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Market expectations that the Bank of England will begin to cut base rate in May are fading after fresh data showed a surprise jump in inflation last month.
The real impact of inflation is felt by households in the form of higher bills - but today's rise could be a small blip in what proves to be an overall continued fall in the cost of living.
Market expectations that the Bank of England will begin to cut base rate in May are fading after fresh data showed a surprise jump in inflation last month.
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