The UK’s inflation rate held steady at 2.2% in August, according to data released by the Office for National Statistics (ONS) on Wednesday. This figure, unchanged from July, aligns with predictions made by economists in a recent Reuters poll. The stable inflation rate leaves room for potential interest rate cuts by the Bank of England (BoE) later this year, though the central bank’s Monetary Policy Committee (MPC) is expected to maintain current rates in its upcoming decision. Services sector inflation climbs to 5.6%, surpassing expectationsWhile overall inflation remained constant, the servic…