• Text size
  • Send this article to a friend
  • Print this article

Inflation fears dash hopes of interest rate cut

Any lingering hopes of a further near-term cut in UK interest rates were dealt a potentially fatal blow yesterday when it emerged that the UK public's median expectation of benchmark inflation over the next 12 months had leapt to a fresh record high of 4.1%.

Any lingering hopes of a further near-term cut in UK interest rates were dealt a potentially fatal blow yesterday when it emerged that the UK public's median expectation of benchmark inflation over the next 12 months had leapt to a fresh record high of 4.1%.