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2025-12-17 15:22:14
[UK Inflation Falls to Eight-Month Low in November] 1. UK inflation slowed to 3.2% in November, the lowest level in eight months, and the decline exceeded market expectations. This key data paves the way for the Bank of England to cut interest rates for the fourth time this year at its meeting this Thursday. 2. Data from the UK Office for National Statistics showed that the year-on-year increase in the Consumer Price Index (CPI) fell from 3.6% in October, not only below the 3.5% generally expected by economists, but also below the Bank of England's previous forecast for the fourth quarter. The significant cooling of the inflation rate, combined with recent signs of weakness in the labor market, has strengthened market expectations that the central bank will shift to an easing monetary policy. At the last meeting, the Monetary Policy Committee decided to keep interest rates unchanged by a narrow 5-4 vote. A close vote is expected again at this meeting, but Governor Andrew Bailey may change his stance and support a rate cut.
