UK Inflation Drops to 3.2% in November, Rate Cut Expected

• Britain's annual inflation rate fell to 3.2% in November, exceeding expectations.
• This marks a drop from 3.6% in October, surprising analysts who predicted 3.5%.
• The Office for National Statistics confirmed the significant slowdown.
• The Bank of England is now widely expected to cut its main interest rate by 0.25% to 3.75% on Thursday.
• The anticipated rate cut aims to support the struggling UK economy amidst rising unemployment.

Why It Matters: UK inflation's unexpected drop to 3.2% in November fuels Bank of England rate cut hopes.