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Bank of England's Next Move More Likely to Be Rate Cut as May Inflation Stands at 2.8%, June 17

2026-06-17 08:55:14

According to T. Rowe Price economist Tomasz Wieladek, the Bank of England's next move is more likely to be a rate cut than a hike, with May inflation holding steady at 2.8% for a second consecutive month below expectations. Food inflation came in significantly weaker than anticipated, with most categories contributing downward pressure to the May print.

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