Inflation

What made financial headlines over the weekend?

No change from previous month

Refused to confirm next rate move will be upward

Third consecutive month of increases

Up from 0.1% in November

The Bank of England Monetary Policy Committee (MPC) has voted 8-1 to hold rates at 0.5%, predicting that inflation would stay below 1% until the second half of next year.

CPI at -0.1% again

Fell back into deflationary territory in September

Inflation fell back to zero in the year to the end of August, according to the Office for National Statistics (ONS), pushing out expectations of an interest rate rise again.

Core inflation rises to highest level in five months