14 Hrs
Source:
الشرق اللبنانية
British inflation holds steady at 2.8 percent
Inflation in the United Kingdom remained steady at 2.8% last month, the lowest level in 13 months, ahead of the Bank of England's expected interest rate decision to be announced in June. The decline in prices of meat, vegetables, and dairy products offset the rise in the costs of flight tickets and petrol, resulting in a stable inflation rate, although it still remains above the 2% target. Following the release of the data, UK government bond yields dropped by more than 6 basis points, amid expectations that interest rates will not be raised before December.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)