UK Inflation Holds, Rates May Stay Steady

UK inflation held steady at 2.8% in May, surprising markets by falling below economists’ forecasts — a potential sign of easing pressure that’s already nudged the pound lower and cooled bond yields. With the Bank of England’s next rate decision looming, investors are now betting on a pause rather than hikes. While cheaper food and fuel helped, surging airfares and gas offset some gains. A recent oil shipping deal has also eased market anxiety, but lingering fears remain over business pricing power and public trust in the Bank’s control over inflation — especially as service costs and flights stay volatile. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1ebbb46ea6f6ef48