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Dr Luciano Rispoli, a senior lecturer at the University of Surrey, said: “The large inflationary shock experienced in 2022 can only be counteracted by aggressive hawkish Bank of England monetary policy actions. Thus, I believe MPC actions can only go in one direction.”
Stephen Sillars,a content manager at Chip, shared: “The UK needs to get a handle on inflation so it’s not really in a position to stop raising interest rates.
“But the Bank of England can’t ignore the fact this may push the economy into more of a downturn than already predicted. It’s a delicate balance.”
Giles Coghlan, a chief market analyst at HYCM, outlined what he believes the central bak should be focusing on in regardings to the economy.
