Letting Agent Today - Rate Rise Fears return after “bad news” inflation figure

There are growing fears of yet another Bank of England base rate rise next month following the surprise inflation figure released by the government.
The annual rate of inflation stayed stubbornly at 6.7 per cent according to official figures yesterday - the same rate as a month ago.
There had been a prediction of a small fall. A significant drop in the inflation rate is tipped for next month when shifts in the energy price cap will be reflected in the data - however, this will be confirmed some days after the Bank of England’s next monetary policy committee decides on base rate. Experts Discuss:

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