Learn more

By Chris Dorrell Inflation remained at the Bank of England’s two per cent target for the second month in a row as markets consider whether interest rates will be cut in a matter of weeks. Figures released this morning by the Office for National Statistics (ONS) showed that prices rose 2.0 per cent in the year to June, unchanged on last month and in line with economists’ forecasts. Core inflation, which strips out volatile components such as food and energy, stayed at 3.5 per cent in June, which was also in line with City estimates. June’s batch of inflation figures is the last before the Bank …

cuu