U.K. Inflation Falls Below BOE's 2% Target for First Time Since 2017

The video discusses the UK's economic indicators, focusing on the CPI and inflation in the context of Brexit uncertainty. It highlights the Bank of England's challenges in managing interest rates amid potential inflationary shocks. The discussion also covers the impact of oil price declines and the struggling retail sector on inflation, concluding that a rate hike is unlikely without significant changes.

What factors are contributing to the current state of inflation as discussed?

What is the outlook for the Bank of England regarding rate hikes this year?