🚨 Latest News Update!
UK Inflation Hits 2% Target, Bank of England Maintains Interest Rates 📰
🔸 𝐈𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐔𝐩𝐝𝐚𝐭𝐞:
• UK inflation hits 2%, meeting targets and expectations.
• Core inflation at 3.5%, signaling stability.
• Service inflation down to 5.7%, below expectations.
🏦 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐄𝐧𝐠𝐥𝐚𝐧𝐝 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧:
• MPC voted to maintain the Bank Rate at 5.25%.
• Balancing growth and inflation control remains key.
💼 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐚𝐜𝐭𝐢𝐨𝐧:
• FTSE 100 rose 0.82% on Thursday.
• Anticipation of rate cuts boosts market sentiment.
• Sterling dipped below $1.27 amidst market adjustments.
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