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Analysts believe lower than anticipated increase good for BoE
Thursday 17 Aug 2017 Author: Lisa-Marie Janes

The rate of UK inflation did not increase as expected and remained at 2.6% in July against expectations of a rise to 2.7%. The second month in row that prices rose less than expected.

Analysts believe the latest data will reduce pressure on the Bank of England’s (BoE) interest rate-setting committee to boost rates, despite inflation being higher than the 2% target.

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