economists argue that a rate cut could stimulate

In a significant economic development, inflation in the UK has fallen to the Bank of England's long-term 2% target rate for the first time in nearly three years. The milestone, achieved in May, has led to widespread speculation that the Bank of England may soon announce an interest rate cut. This news comes at a critical juncture as voters prepare to go to the polls in just over two weeks' time. The drop in inflation is seen as a positive sign for the economy, suggesting that price pressures are easing and consumer purchasing power is stabilizing. Economic analysts believe that…