IoD press release  Delicate balancing act as Bank nears end of rate cut cycle

“Inflation has stabilised this month, broadly as expected, with rising food and restaurant prices offset by easing seasonal airfare costs. The Bank of England is nearing the end of its rate-cutting cycle, but faces a delicate balancing act: wage growth is softening, yet household inflation expectations are edging up. Households perceive inflation at 4.8% — close to food price inflation at 5.1% and above private-sector pay growth. After years of painful volatility, the priority must be to squeeze inflation decisively out of the system.”