UK interest rate cut expected in March after inflation drop

LONDON (AP) — Inflation in the U.K. fell to a 10-month low largely on the back of lower food and gas prices, official figures showed Wednesday, a downward move that has reinforced expectations that the Bank of England will cut interest rates in March. The Office for National Statistics said the consumer prices index was 3% higher in January than the year before, down from 3.4% in December. The decline was in line with analysts' expectations and puts inflation well on the path to the central bank's targe ...