Inflation Falls Below BoE Target For First Time Since November 2009

LONDON (Reuters) – British inflation last month fell below the Bank of England’s target level for the first time in over four years, further bolstering the BoE’s message that there is no rush to raise interest rates.

Prime minister David Cameron tweeted:

“Today’s fall in inflation is more evidence our long term economic plan is working. We want to ensure a secure future for hard-working people.”