Reported 2 months ago
UK inflation is projected to rise to 2.3% in July, marking the first increase in 2024, which may compel the Bank of England to maintain its cautious approach on interest rates. With the job market expected to loosen and possible unemployment rise, the central bank faces a balancing act as it monitors economic recovery while managing inflationary pressures. Upcoming economic data will be critical in influencing BOE policy decisions moving forward.
Source: YAHOO