Inflation eased to 10.1% in January (December: 10.5%). January’s result represented the lowest inflation rate since August 2022 and was below market expectations. Price pressures will ease further this year on soft economic momentum, milder commodity price pressures and a tougher base effect. However, inflation will remain over double the Bank of England’s 2.0% target.
United Kingdom SONIA Rate (%, eop) Data
|SONIA Rate (%, eop)||0.41||0.70||0.71||0.04||0.19|