Inflation unexpectedly dropped last month, official figures show today, weakening the prospect of an imminent interest rate hike by policymakers at the Bank of England.
Pressure on the Bank of England to raise interest rates intensified today as inflation increased to its highest level in more than two years in January.
The Bank of England base rate may have been held at 0.5% yesterday but some economists predict it could rise this year, so what should savers do with their cash?