A cut in interest rates could come as soon as this summer as the central bank forecast that inflation would drop to its 2 percent target.

After a long stretch of high inflation, the Bank of England finally has its 2 percent inflation target firmly within its sights.

The central bank said on Thursday that it expected inflation to reach its target in two years, and then go even lower, a forecast that comes as policymakers inch toward cutting interest rates.

The majority of the bank’s nine-person rate-setting committee voted this week to hold rates at 5.25 percent, the highest since early 2008 and where they have been for nine months. But two members voted to cut rates, compared with just one at the previous meeting in March. And Andrew Bailey, the bank’s governor, added that, although it was too soon to cut interest rates this week, the slowdown in inflation had been

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