OBR's Miles says UK inflation will end this year close to 3% if energy prices remain at current levels

OBR's Miles says UK inflation will end this year close to 3% if energy prices remain at current levels.

Miles' commentary suggests a stabilization of UK inflation, potentially nearing 3% by year-end if energy prices hold steady. This aligns with broader trends on inflation expectations, indicating that while there may be downward pressure, the trajectory is reliant on energy costs. Markets could interpret this as a signal for potential policy adjustments by the BoE, especially if inflation is perceived to be manageable or within target.