Inflation

Down two percentage points

Spring Forecast takes place today

BoE MPC members spoke at Treasury Committee hearing

Highest figure since March 2024

Down from 2.6% in November

Bank of England MPC meeting due on Thursday

Slim chances of rate cut before year-end

25 basis points cut confirmed on Thursday

Analysts argue conditions 'appear ripe' for a rate cut in November

BoE weighs options ahead of the next MPC next Thursday