Business The City spotlight swings to a hotly anticipated set of economic data on Wednesday, which will help define expectations on the timing of an interest rate cut from the Bank of England. Inflation will be back at centre stage, with the Consumer Price Index expected to carry on falling toward the BOE’s office target of 2%. CPI is expected to come in at 3.8% for December, down from 3.9% in the previous month. It would ensure that the annual rate at which prices are rising is continuing to ease, heading away from the peak over 11% in 2022. Double-digit inflation stoked the cost-of-living crisis fuelled by high energy costs after…
