Inflation in the UK rose to 2.3% in October, driven by higher energy bills and persistent inflation in the services sector. This has led to reduced expectations for interest rate cuts from the Bank of England. Analysts attribute the price hikes to one-time events, including a rise in utility prices. The Bank is expected to maintain rates at 4.75% in December, with cautious forecasts for future cuts due to potential inflationary pressures from recent government spending and global uncertainties. Teljes cikk (Euronews.com)