What will upcoming inflation figures mean for interest rates in the UK?

(PA Graphics)

Inflation is expected to have fallen back to its lowest level for nearly a year in Wednesday’s official figures for January, in a boost to interest rate cut hopes.

Most economists are forecasting Office for National Statistics (ONS) data to show Consumer Prices Index (CPI) inflation fell back sharply to 3% in January from 3.4% in December, according to Pantheon Macroeconomics.

This would be the lowest level since March 2025.

By Holly Williams
Full story at Yahoo News