UK inflation remained 3.8% in August, hopes of a rate cut are slim
Source: Binance
Time: 2025-09-17 16:19:41
According to Jinshi data, the UK's inflation rate remained at 3.8% in August, completely stifling the hope of a rate cut this week. The possibility of further relaxation of policies this year is becoming increasingly slim. Suren Thiru, an economist at the Institute of Chartered Accountants in England and Wales, said that despite the weak economy, rising corporate costs and food prices could push inflation above 4%. However, the slowdown in service industry inflation and core inflation has brought a glimmer of hope, indicating that potential price pressures are gradually weakening. Thiru believes that cooling of the job market should help push inflation into a downward channel.