Surprise fall in inflation boosts interest rate cut hopes

[Nearly Sane]

Some good news!

https://www.bbc.co.uk/news/articles/cg45lwkx23xo

[jeremyp]

The drop was driven by hotel prices falling and smaller rises in airfares than usual, but prices continue to rise faster than the Bank of England's target.

No interest rate cut then.

[Nearly Sane]

No interest rate cut then.

It's not really that simple.

"After the inflation figure, investors increased bets on the likelihood of an interest rate cut next month and are backing a second cut by the end of this year."

[jeremyp]

It's not really that simple.

Is it not?

"After the inflation figure, investors increased bets on the likelihood of an interest rate cut next month

If the likelihood is 20% rather than 10%, it has gone up but without being probable.