UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates

News Snapshot:

UK inflation dropped to 2.6% in March, increasing the pressure on Bank of England policymakers to cut interest rates next month as Donald Trump’s tariff wars cast an uncertain outlook. Prices growth was weak ahead of an expected rise in April as households begin to pay higher council tax and utility bills. Last month’s reading came in below City forecasts of a fall to 2.7%. It comes after the consumer prices index fell in February to 2.8%, down from 3% in January. The Office for National Statistics (ONS) said falling fuel prices and slowing increases in the cost of a...