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Banks cool on interest rate cut after tick-up in inflation
Scottish Daily Express
|January 29, 2026
TOP City banks have hit pause on predictions for the Bank of England’s next interest rate cut.
It comes as forecasters are split on whether high inflation could upend monetary policy decisions.
UBS Investment Bank economist Anna Titareva pushed back a call for the Bank’s next cut from February to March after the Office for National Statistics said that price growth ticked up to 3.4% in the year to December 2025.
Ms Titareva, who believes interest rates will fall from 3.75% to 3.25% this year, had predicted the Bank’s monetary policy committee would back a cut as early as next week.
This story is from the January 29, 2026 edition of Scottish Daily Express.
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