Steady UK inflation leaves question mark over BoE rate action
(WorldNews Politics)

By David Milliken and Jonathan Cable LONDON (Reuters) - British inflation unexpectedly held steady in October, wrong-footing the Bank of England and raising fresh questions about how fast the central bank will follow up on this month`s interest rate hike. The annual rate of consumer price inflation was unchanged from September`s five-and-a-half-year high of 3.0 percent, official data showed. When the BoE raised rates for the first time in a decade in early November, it said it expected inflation would hit 3.2 percent in October before starting to fall slowly towards...