UK inflation fell more sharply than expected to the lowest level in 2 1/2 years, bolstering investor expectations that the Bank of England will be able to reduce borrowing costs in the coming months. The Consumer Prices Index rose 3.4% in February from a year earlier, compared with 4% pace the month before, the Office for National Statistics said Wednesday. The figure was lower than the median of 3.5% predicted by economists and the BOE, although it was in line with the Bloomberg Economics’s forecast. Read more: https://www.bloomberg.com/news/articles/2024-03-20/uk-inflation-rate-eases-to-slowest-pace-in-more-than-two-years?sref=omvmmwIg -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/@BloombergQuicktakeNow