UK Economy: Inflation Hits 2% Goal, Buoying Case for Rate Cut
June 19, 2024
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2:42Now PlayingUK Economy: Inflation Hits 2% Goal, Buoying Case for Rate Cut
YouTube Description
as posted by the channelUK inflation fell to the Bank of England’s target for the first time in almost three years, supporting the case for interest-rate reductions by the Bank of England later this year. The Consumer Prices Index rose 2% from a year ago in May, down from 2.3% the month before, the Office for National Statistics said Wednesday. Hetal Mehta, head of economic research at St. James's Place Management, breaks down the data.
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