UK inflation falls to 3% as rate cut hopes build
UK inflation slowed more sharply than many had feared in January, falling to 3 per cent and bolstering expectations that the Bank of England could resume cutting interest rates as early as next month. Data from the Office for National Statistics showed consumer price index (CPI) inflation eased from 3.4 per cent in December to 3 per cent in January, the lowest annual rate since March 2025. The reading was in line with analysts’ forecasts....










