Deloitte comments on today's ONS inflation figures
Commenting on today’s ONS inflation figures, Ian Stewart, chief economist at Deloitte, said:
“The economy is experiencing a bout of high inflation and weak growth that will likely remain until next spring. With inflation now expected to exceed 4.0% in the coming months, it is touch and go whether the Bank of England will cut interest rates once more before the end of the year.”
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