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Consumer price inflation was 2.2 percent in August, unchanged from the previous month and in line with economists’ forecasts, new data from the Office for National Statistics shows.
The Bank of England, which had forecast the CPI would rise to 2.4 percent last month before rising to almost 2.8 percent by the end of the year, will make its final decision on the direction of interest rates on Thursday.
The FTSE 100 index will open at 8:00am. Companies releasing reports and trading updates today include Legal & General, M&C Saatchi, MJ Gleeson and PZ Cussons. Read the Business Live blog for Wednesday 18 September below.
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money"> The Federal Reserve is under pressure to cut rates for the first time in four years, says ALEX BRUMMER
The Federal Reserve is under pressure to cut rates for the first time in four years, says ALEX BRUMMER
Services inflation makes rate cut tomorrow ‘even less likely’
Service sector inflation keeps CPI below BoE’s 2% target
Inflation remains stable at 2.2% in August