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Steady UK inflation leaves question mark over BoE rate action

Reuters  |  LONDON 

By David Milliken and Jonathan CableLONDON (Reuters) - British inflation unexpectedly held steady in October, wrong-footing the Bank of England and raising fresh questions about how fast the central bank will follow up on this month's interest rate hike.The annual rate of consumer price inflation was unchanged from September's five-and-a-half-year high of 3.0 percent, official data showed.When the BoE raised rates for the first time in a decade in early November, it said it expected inflation would hit 3.2 percent in October before starting to fall slowly towards its 2 percent target."Red ...

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First Published: Tue, November 14 2017. 19:17 IST