The rate cut will alleviate the pressure on borrowers but will also reduce the income of savers, as the central bank's benchmark interest rate serves as the anchor for the interest rates of commercial banks.

Almost at the same time as the inflation report was released, traders significantly reduced their bets on a rate cut next month, cutting the possibility of a rate cut on August 1 from 40% yesterday to 25%.

Who would have thought that despite the high unemployment rate, wage growth for UK workers remains strong, with the annual growth rate of regular wages reaching 6%, continuing to outpace the inflation rate.

The economic data released this time is undoubtedly good news for UK Prime Minister Rishi Sunak, as he, along with the Chancellor of the Exchequer, has stated that the lives of voters are improving.

Sunak needs to enhance the public's "good life feeling" to win back public opinion.

According to economist estimates, the UK will emerge from seven consecutive months of double-digit inflation: the annual rate of CPI in April will rise from 10.1% down to 8.2%, while its monthly CPI rate is expected to remain at 0.8% unchanged。

On May 11, the Bank of England will announce the UK to May 11 central bank interest rate decision, when the market is expected to raise interest rates by another 25 basis points, raising the benchmark interest rate to 4.50%。