UK inflation falls more than expected to 2.6% in March

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Inflation in the UK fell more than expected to 2.6 percent in March, providing some relief to England Bank because it is measured for the economic impact of US President Donald Trump’s definitions.

The annual increase in consumer prices, which was informed by the National Statistics Office on Wednesday, was less than 2.7 percent of expectations by economists in a Reuters poll and fell from 2.8 percent in February.

ONS said that the largest contributions to the decline came from entertainment and culture, especially for games, games and data processing equipment, as well as from decreased gasoline prices.

The Bank of England faces a sensitive budget law because it is wrestling with the deteriorating job market and the possibility of inflation later this year, and is partly due to higher home home bills.

The Central Bank’s Monetary policy Committee said last month that it will adhere to a “gradual and duo” approach to reduce borrowing costs after detention of interest rates by 4.5 percent.

Inflation in services, a main measure of the basic price pressures for price clips, slowed down to 4.7 percent in March from 5 percent in February. Economists expected 4.8 percent.

After issuing the numbers, traders have strengthened their bets on at least three points a quarter of points from the Bank of England by the end of the year, according to the levels involved in the budget markets, with an opportunity from the first meeting in May 85 percent.

The pound fell against the dollar after the data, but it was 0.2 percent at $ 1.326 a day.

Ruth Gregory, a UK’s chief economist in the economic consulting consulting, said that Marsh’s decrease will not last long, as inflation increased sharply from April with the increase in home utility bills.

However, she added that the shock of the customs tariff “has been a balance of risk to low inflation and a faster decrease in interest rates.”

The England Bank Challenge is held by Trump’s trade war, as the UK hit a 10 percent tariff. The economy is also exposed to a 25 percent tax imposed by the White House on imported cars and steel.

Claire Lombardly, a deputy governor of the Bank of England, said last week that the definitions are likely to disturb economic activity, but their impact on inflation will be difficult to predict.

Additional reports by Ian Smith