British inflation jumps in April, raising prospect of rate cut delay by Bank of England

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British inflation jumps in April, raising prospect of rate cut delay by Bank of England

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Britain suffered a bigger-than-expected inflation surge in April, prompting investors to bet on the Bank of England slowing its already gradual pace of interest rate cuts.
The annual inflation rate hit 3.5 per cent in April, its highest reading since January 2024. The increase from 2.6…

This story appeared on theglobeandmail.com, 2025-05-21 10:48:40.