Here's your summary from 2% UK Headline Inflation Doesn't Equal BOE Rate Cut (https://www.youtube.com/watch?v=LnYVK1ewriY) on the Bloomberg Television channel:

**TLDR:** Despite UK headline inflation reaching 2%, the Bank of England may still hold off on rate cuts due to concerns about services inflation and economic constraints.

1. UK headline inflation is at 2%, which is positive for the Bank of England.

2. However, markets are concerned about services inflation and core inflation not aligning with expectations.

3. The Bank of England may need to fight inflation for a longer period than anticipated.

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