Bank of Canada: UK inflation expectations rise UK Central Bank may maintain a gradual pace of interest rate cuts

The Royal Bank of Canada Capital Market analysts said in a report on November 20th that due to the expected modest rise in the UK inflation rate in the coming months, the UK Central Bank may maintain a gradual pace of interest rate cuts. The Royal Bank of Canada said that the UK Central Bank has indicated that it will gradually lower interest rates, and Wednesday’s rise in inflation data is unlikely to change this approach. Analysts said, “Due to the imposition of VAT on private school tuition fees and the increase in the maximum single bus ticket price in the UK, it is expected that the consumer price index for services in January next year will rise again.”