BoE faces 'tough decision on rates' as UK CPI stands firm at 2%

Reduces chances of rate hike

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Experts argue latest inflation statistics would cause concerns at the BoE with regard to future inflationary pressure
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Experts argue latest inflation statistics would cause concerns at the BoE with regard to future inflationary pressure

UK inflation remained static at 2% last month, as the Office for National Statistics (ONS) revealed a raft of downward contributors to the consumer prices index (CPI).

The ONS said motor fuels, accommodation services and electricity, gas and other fuels saw average prices shrink, but these were offset by price rises in clothing and food between May and June. Meanwhile,...

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