Inflation reached its lowest level in three and a half years in September, at 1.7%, but has since climbed back up above the 2% target set by the European Central Bank (ECB). Core inflation - which ...

European markets are heading for a positive open Wednesday as global markets await the latest inflation reading out of the U.S.

Economists polled by Reuters had expected the January inflation print to come in at 2.4%, unchanged from December.

The Bank says the UK economy will grow by 0.75% in 2025, down from a previous forecast of 1.5%, while inflation is expected to rise.