<sod >The Bank of England expects inflation to peak at 2.75 per cent in the first half of next year, reflecting the slump in the pound since last Summer's Brexit vote.< eod>< sod > The inflation rate was steady in March at 2.3 per cent, but the Bank of England expects it to peak at 2.75 per cent in the first half of next year, reflecting the slump in the pound since last Summer's Brexit vote.< eod>