The U.K. inflation rate cooled to 3% in January, according to the latest figures from the Office for National Statistics (ONS).

The U.K. inflation rate cooled to 3% in January, according to the latest figures from the Office for National Statistics (ONS).

Economists expect rates to reach the government target of 2 per cent by around April

The rate at which prices are rising is slowing down, which could lead to lower interest rates.

Data increases odds of a BoE rate reduction as soon as next month