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UK inflation slows to 2.8% in February sparking rate cut hopes
- The UK’s annual inflation rate edged down to 2.8% in Feb, slightly below the 2.9% forecast by economists.
- The decline follows a sharp rise to 3% in Jan, after inflation had unexpectedly fallen to 2.5% in Dec.
- The Bank of England left interest rates unchanged at 4.5% in its recent policy meeting.
March 26, 2025
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