Channel 4 News
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UK Economy: Inflation rate finally drops to 2%
Posted
June 19, 2024
Views
18,325
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157
Comments
142
Engagement
1.63%
June 19, 2024
18,325
157
142
1.63%
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4:44Now PlayingIt's taken nearly three years, but the inflation rate has finally fallen back to the Bank of England's target.
It fell to 2% in May, down from 2.3% in April.
But experts are warning that the Bank of England is still likely to hold fire on any interest rate cuts until after the 4th of July, meaning some electoral benefits may bypass the Tories.
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