TechFlow news — On March 26, according to Jinshi Data, Richard Flax, Chief Investment Officer at Moneyfarm, stated in a report that data showing a modest decline in the UK's inflation rate for February is unlikely to alleviate fiscal pressures.
The UK's annual headline inflation rate fell to 2.8% in February from 3.0% in January, a drop slightly larger than expected.
Flax said the Chancellor of the Exchequer might take some comfort from the continued easing of inflation, but this modest decline does little to relieve fiscal pressure.
He also noted that risks related to tariffs could raise import costs, push inflation higher, and thereby limit the Bank of England's room to cut interest rates.
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