Capital Economics Sees BOE on Hold Amid Sticky Inflation
NeutralFinancial Markets

Capital Economics' chief global economist, Jennifer McKeown, has shared insights on the Bank of England's (BOE) policy amidst persistent inflation in the UK, which remains at its highest level in over a year and a half. This situation is causing officials to be cautious about further interest rate cuts. McKeown suggests that the BOE might wait for the upcoming budget to assess any potential inflationary impacts before making decisions. This analysis is crucial as it highlights the delicate balance the BOE must maintain in navigating economic challenges.
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