From Morningstar: 2024-05-22 05:46:00

The consumer price index rose by 2.3% in April, higher than forecasts but the lowest since July 2021. Monthly prices increased by 0.3%. Core inflation cooled to 3.9%, but services inflation remained high at 5.9%. The Bank of England may delay a rate cut due to persisting inflation pressures.

Experts react to the latest inflation data, suggesting that the Bank of England may not cut rates in June. Tomasz Wieladek of T. Rowe Price states that the latest data may prevent a rate cut, while Neil Birrell of Premier Miton Investors believes the service sector’s performance will delay a rate cut. Zara Nokes from J.P. Morgan Asset Management thinks a June cut is less likely due to the data.



Read more at Morningstar: UK Inflation Weakens Case for June Rate Cut