The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

THE UK’s rate of inflation has slowed in a boost for the government – we reveal what it means for your money. The Office for National Statistics (ONS) said the Price Index

The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.

The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth.Economic output expanded by just 0.1 per cent in November,

The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by

Inflation dropped slightly in the month of December but remained above the target set by the Bank of England. The Consumer Price Index (CPI) rose by 2.5% in the 12 months to December 2024, down from 2.6% a month earlier.

The rate is still well above the Bank of England’s target of 2% but could open the door to another interest rate cut next month

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.

The Office for National Statistics said Wednesday that inflation, as measured by the consumer prices index, was 2.5% in ... it remains above the Bank of England's target of 2%.

BENGALURU (Reuters) - The Bank of England will cut interest rates ... Inflation as measured by the consumer price index (CPI) was forecast to average 2.5% this year and 2.1% next.

In the US, the core consumer price index stepped down for the first time in six months, whereas the UK's inflation cooled for the first time in three months.

(Sharecast News) - London stocks ended the week on a strong note, as weaker-than-expected retail sales date helped to fan the flames of rate cut hopes. The FTSE 100 index jumped 1.35% to close at 8,505.22 points, while the FTSE 250 added 0.34% to settle at 20,597.42 points.