UK inflation stays at 2% target in June, leaving possible rate cut on a ‘knife edge’

uk-inflation-stays-at-2%-target-in-june,-leaving-possible-rate-cut-on-a-‘knife-edge’
UK inflation stays at 2% target in June, leaving possible rate cut on a ‘knife edge’

LONDON (AP) — Inflation in the U.K. held steady at the Bank of England’s target rate of 2% in the year to June, official figures showed Wednesday, in a development that could be enough for policymakers to cut borrowing costs next month.

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