Markets bet on spring rate cut as inflation falls

Andrew Wishart, from Berenberg, said: “Parts of the inflation basket most sensitive to labour costs remain a little too high for comfort. As a result, March may prove too soon for the next rate reduction.”Despite market expectations of a rate cut in March rising, several economists have said the Bank of England will hold off on lowering borrowing costs until April.The FTSE 100 rose 1.1pc to 10,671.72, powered higher by gains in mining stocks.London-listed stocks have continued to climb higher, as slowing in ...