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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Institution: UK inflation data is unlikely to affect the Bank of England's interest rate decision.
Jin10 data reported on June 18, Capital.com analyst Daniela Hathorn stated in a report that the latest inflation data from the UK is unlikely to affect the Central Bank of the UK in resuming interest rate cuts. The UK's CPI year-on-year in May has gently slowed from 3.5% in April to 3.4%. Although not catastrophic, this data did not leave a strong impression on those hoping for a stronger trend of inflation decline. The market generally expects the Central Bank of the UK to maintain the interest rate at 4.25% in Thursday's rate decision.