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UK Inflation Slows to Two-Year Low, Bolstering Rate Cut Bets

(Bloomberg) UK inflation tumbled to the lowest level in two years, firming up bets that the Bank of England will be able to cut rates as early as the middle of next year.Most Read from BloombergRolex, Patek Prices Hit Fresh Two-Year Lows: Subdial IndexThailand Takes $28 Billion Malacca Strait Bypass Plan to USS&P 500 Up 2% as Bets ‘Fed Is Done’ Sink US Yields: Markets WrapUS Frustration With Israel Grows as Gaza Civilian Deaths MountIsrael Latest: Troops Reported Inside of Gaza Hospital Compo

UK inflation rate falls to the lowest level in two years

Consumer prices rose 4.6% from a year earlier in October, down sharply from 6.7% in September and the slowest pace since 2021, the Office for National Statistics said Wednesday. The 2.1-percentage point fall between the two months was the steepest since 1992.

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