U.K. Budget Measures Likely to Lower Inflation Rate, Says BOE's Lombardelli

By Paul Hannon

Measures announced by the U.K. government in its budget will likely lower the annual rate of inflation, Bank of England Deputy Governor Clare Lombardelli said Tuesday.

Speaking to lawmakers, Lombardelli said the central bank's economists calculate the inflation rate could be reduced by 0.4 or 0.5 percentage points from the second quarter of 2026.

The U.K.'s annual rate of inflation stood at 3.6% in October, well above the BOE's 2% target.

Write to Paul Hannon at [e-mail]

(END) Dow Jones Newswires

12-09-25 1014ET