A prominent member of the Bank of England’s Monetary Policy Committee, Dave Ramsden, has voiced increased optimism regarding the UK’s inflation trajectory, hinting that it might settle at the target rate for a prolonged period, outperforming the central bank’s predictions.

Ramsden pointed out the UK’s transition from an “outlier” to a “laggard” in terms of inflation, suggesting a slow convergence with international patterns observed in the US and eurozone markets. The latest data from the…