cutting

So far the retailer has focused on cutting operational costs to give it space to hold prices steady, said Öncü.

The plan is aimed at cutting congestion and encouraging people to walk, cycle or use public transport when travelling in and around the city.

High inflation could keep BOE interest rates higher for longer, cutting off a pathway in the near term to stimulate further growth.

It would "focus on reducing health inequalities, improving education, cutting crime and supporting sustainability," the council added.

The RBA wanted the assurance of another quarterly inflation number before cutting, which was a fair and reasonable stance.