Jeremy Hunt says inflation to fall to 2.8% by end of 2024 Inflation is on the run after falling to 4.6 percent in October, more than half its October 2022 peak of 11.1 percent. Markets anticipate it will fall to four percent when the latest consumer price index figure for November is published on Wednesday. If so, that will be brilliant news. Some now forecast that inflation could fall back to the Bank of England’s long-term target of two percent within just six months. This will pile further pressure on the BoE governor Andrew Bailey to reconsider his stubborn belief that interest rates may need to rise higher. The BoE increased…
