恰逢预算案公布前夕，英国通胀七个月来首次下降

Core Viewpoint - UK inflation has declined for the first time in seven months, leading the Bank of England to consider a potential interest rate cut before Christmas [1] Economic Data Summary - October CPI increased by 3.6% year-on-year, down from 3.8% in September, slightly above the market economists' expectation of 3.5% but in line with the Bank of England's forecast [1] - Service sector inflation decreased to 4.5%, which is a key indicator closely monitored by the Bank of England and is also below its predictions [1] Monetary Policy Implications - The data suggests a possibility for the Bank of England to lower interest rates in its next meeting on December 18, following a decision to maintain rates earlier in the month [1] - The path to a rate cut may face significant challenges, particularly with the Labour government's upcoming autumn budget announcement [1] Government Fiscal Measures - Chancellor Reeves has promised to introduce fiscal plans aimed at curbing high inflation and is considering a range of tax increases, which could complicate the decision-making environment for the Bank of England [1]