Analysts: UK inflation declines but fiscal pressures are unlikely to change, tariffs hinder rate cuts

Odaily News Richard Flax, chief investment officer at Moneyfarm, said in a report that data showing a modest decline in UK inflation in February is unlikely to ease fiscal pressures. The UK's annual headline inflation rate fell to 2.8% in February from 3.0% in January, a slightly larger-than-expected drop. Flax said the chancellor may be somewhat relieved by the continued easing of inflation, but the modest drop will do little to ease fiscal pressures. He also said that tariff risks could raise import costs and push up inflation, limiting the Bank of England's room to cut interest rates. (Jinshi)