UK Inflation Holds Steady: What It Means for Interest Rates.
Bank of England's governor sees UK inflation staying at 4% as "encouraging" but suggests it won't trigger earlier interest rate cuts. Despite expectations of rising energy prices, January's inflation remains unchanged, driven by various factors including food prices and global supply disruptions. While investors anticipate rate cuts from June, analysts caution against premature decisions, emphasizing steady core inflation and the need for more evidence on service inflation and wage growth before considering rate adjustments.
