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Bank of England holds rates steady, but a summer cut could still be in the cards
Earlier this year, the Bank of England said that it expects inflation to rise to 3.7% in the third quarter, before starting to cool into next year.
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theguardian.com
UK inflation slows to 3.4% in May as transport costs ease – business live
Inflation forecast to remain broadly flat over next few months, leaving door open for August interest rate cut
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cnbc.com
UK inflation lingers at 3.4% in May, bolstering case for interest rate hold
Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, rose by 3.5% in the year to May.
