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Steady UK inflation leaves question mark over BoE rates action

Reuters  |  LONDON 

By David Milliken and Jonathan CableLONDON (Reuters) - British inflation unexpectedly held stable in October, wrong-footing the Bank of England which had forecast it would increase further and raising questions about how fast the Bank will raise rates in future.Consumer price inflation was unchanged from September's five-and-a-half-year high of 3.0 percent, official data showed on Tuesday.When the BoE raised benchmark borrowing costs 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.Sterling fell ...

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First Published: Tue, November 14 2017. 17:03 IST