Prices in the UK rose by 2.6% in the 12 months to March, less than in the previous month but still above the Bank of England's target. The Bank of England moves interest rates up and down to try to keep inflation at 2%, and has cut rates twice in 2025, taking rates to 4.25%.

Federal Reserve officials held interest rates steady for a third-straight meeting and emphasized they see a growing risk of both higher inflation and

The Federal Reserve held interest rates steady on Wednesday but said the risks of both higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapples with the impact of Trump administration tariff policies.