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Unexpected increase will affect mortgages, savings and pensions
December’s rise has hit expectations of early interest rate cuts but inflation is already below BoE’s November forecast
First increase in rate for 10 months leads traders to scale back expectations of interest rate cuts
Bank of England views easing pay pressures as key to cutting interest rates but data is unclear
ONS figure down from summer peak of 8.5% and suggests easing inflationary pressures
Analysts say price growth will slow more quickly than Bank of England predicted if Middle East tensions do not escalate
Move by country’s largest craft beer brewer points to broader cooling of wage pressures across economy
Kantar data points to significant easing of price pressure on British consumers
The US, UK and eurozone are on course to declare victory this year but difficult trade-offs await
Volatile markets and returns on cash products push investors to pull £37bn in 10 months
Annual price growth drops to 6.7% spurred by Christmas promotions but non-food rate rises, data shows
Lower inflation will result in little perceptible improvement to living standards as growth stagnates in 2024, the FT’s annual survey predicts
Experts’ full responses to questions on the year ahead for the UK economy
ECB, Fed and BOE overlooked potential for global price spikes after end of pandemic and Russian assault on Ukraine
The period of rapidly rising prices is retreating in the rear-view mirror
Investors are betting central bank will start cutting interest rates far sooner than its tough rhetoric suggests
Bigger than expected drop sparks slide in sterling as traders reinforce bets on Bank of England interest rate cuts
The figures show the extent to which salary pressures are still bubbling in Britain’s economy
Ben Broadbent warns that inconsistent data has muddied picture for policymakers
Andrew Bailey went to lengths on Thursday to downplay any tentative signs of good news in the UK economy
When it comes to reducing inflation, central bankers think it is
ONS data prompts traders to increase bets BoE will soon cut rates
Markets see cost of borrowing staying at 5.25% until mid-2024 ahead of final MPC vote of 2023
Bank of England survey supports view that central bank will not need to raise interest rates at its meeting next week
The best bargains are often to be found in debris
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