UK's Hunt: Inflation to fall below BoE's 2% target in few months' time

FILE PHOTO: British Chancellor of the Exchequer Jeremy Hunt speaks during the press conference on the day he signs cooperation pact on financial services with European Commissioner for Financial Stability, Financial Services and the Capital Markets Union Mairead McGuinness, in Brussels, Belgium June 27, 2023. REUTERS/Yves Herman/File Photo
Reuters/REUTERS

Britain's Office for Budget Responsibility has forecast consumer price inflation will fall below the Bank of England's 2% target in "just a few months' time"

David Milliken and Kylie MacLellan, Reuters News

March 6, 2024

PHOTO
FILE PHOTO: British Chancellor of the Exchequer Jeremy Hunt speaks during the press conference on the day he signs cooperation pact on financial services with European Commissioner for Financial Stability, Financial Services and the Capital Markets Union Mairead McGuinness, in Brussels, Belgium June 27, 2023. REUTERS/Yves Herman/File Photo

Britain's Office for Budget Responsibility has forecast consumer price inflation will fall below the Bank of England's 2% target in "just a few months' time", finance minister Jeremy Hunt said on Wednesday.

(Reporting by David Milliken and Kylie MacLellan; Writing by Sachin Ravikumar; editing by William James)

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