The Bank of England has revised its inflation forecast upwards, anticipating a peak of 4% in September, surpassing the prior estimate of 3.7%. Furthermore, the bank forecasts that inflation will decline to 2% by the third quarter of 2027 and maintain that level through the third quarter of 2028. Additionally, the Bank of England has also adjusted its Consumer Price Index (CPI) inflation forecast upwards for the years 2025 to 2027.