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UK inflation falls to 3.2 per cent - what it could mean for interest rates

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The latest inflation figures will directly influence the Bank's interest rate decision next month

The Office for National Statistics said Consumer Prices Index inflation dropped from 3.4 per cent in February to 3.2 per cent in March. It means inflation is now at its lowest level since September 21.

They will more than likely factor in the latest inflation figures into their decision on whether they increase or drop interest rates. While their strategy of keeping interest rates high may appear to be working in cutting inflation, it doesn't guarantee that rates will be cut as soon as next month.

 

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