Roundup: UK inflation slows in June, easing pressure on BoE
LONDON, July 19 (Xinhua) -- The United Kingdom's (UK) Consumer Price Index (CPI) rose by 7.9 percent in the 12 months to June, down from 8.7 percent in May, the Office for National Statistics (ONS) said on Wednesday.
This is expected to ease some pressure on the Bank of England (BoE), as stubbornly high inflation has pushed its benchmark interest rate to a high level, dealing a blow to the UK economy and househo