THE pressure on the UK economy may be softening offering the Bank of England the flexibility to cut rates further, inflation data from the Office for National Statistics (ONS) suggests.
The UK's rate of consumer price inflation (CPI) for March remained unchanged at a nine-month high of 2.5pc in March. The rate of retail price inflation (RPI), meanwhile, eased to 3.8pc, from 4.1pc in...
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