Category: Mortgage Advisers

Mortgage Adviser News and Information

Dec 20
Inflation Has Reduced

 Inflation in the U.K. as measured by the consumer prices index eased back to its lowest level in more than two years, official figures showed Wednesday, in a development that stoked speculation that the Bank of England may start cutting interest rates sooner than expected. The Office for National Statistics said that inflation dropped to 3.9% in the year to November, its lowest level since September 2021, from 4.6% the previous month. That decline was bigger than anticipated in financial markets. The agency said the biggest driver for the fall was…