Inflation in the U.K. rose to a 10-month high in January, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England

Strong inflation and wage growth data this week suggests the Bank of England will cut interest rates more steadily than previously expected this year, UBS economists Anna Titareva and Reinhard Cluse say in a note.

Is inflation going to get worse or better? It will certainly go higher before subsiding again. The Bank of England suggests it will hit 3.7 per cent in the autumn, and there will soon be more ...

Bank of England policymaker Dave Ramsden has backed ... pointed to the combination of rising inflation and weak economic growth. While the Bank cut interest rates to 4.5% at its February meeting ...

The Bank of England said last month that it expects inflation to peak at 3.7% later this year as the economy is buffeted by inflationary pressures including higher rates of tax on alcohol ...

Deutsche Bank now forecasts inflation could soar to 4.25% by summer, making further rate cuts a dangerous move. Chief UK economist Sanjay Raja warned that interest rate reductions might have to be “more backloaded than frontloaded” – meaning the BoE could be forced to hold off on cuts for longer than expected.