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New figures outshowed that inflation fell much faster than expected in November
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and now all eyes will turn to what the Bank of England will do next. According to the Office for National Statistics
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the headline rate of inflation fell to its lowest level in two years at 3.9%
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This was down from 4.6% the month before, and comfortably below the 4.3% expected by city experts
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After last week's meeting of the Monetary Policy Committee, Andrew Bailey said it was really too early to talk about cutting interest rates
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three members of the rate-setting body even back to further rate rises
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Inflation is now well below where the Bank of England thought it would be just a few months ago
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Following the news, London markets briefly reached their highest point in months this morning
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According to markets, the main interest rate will fall to around 4% by the end of next year
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compared to 5.25% at the moment. This might be going too far, but the direction of travel is clear
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Inflation is falling, and soon, sooner than the Bank of England currently suggests
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interest rates will be too
