City analysts believe UK interest rates have now peaked after softer-than-expected inflation in October all but confirmed expectations that the hiking cycle has had the desired impact.
The City is hoping evidence of slowing UK wage growth will be welcomed by the Bank of England, as signs of cooling inflationary pressures drive hopes of looming interest rate cuts.
The City is hoping evidence of slowing UK wage growth will be welcomed by the Bank of England, as signs of cooling inflationary pressures drive hopes of looming interest rate cuts.
Bank of England ramps up inflation forecast again but takes no action to help cool prices iwradio.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iwradio.co.uk Daily Mail and Mail on Sunday newspapers.