Analyst: The Bank of England is still unlikely to raise interest rates despite high inflation risks

Golden Ten Data reported on March 13 that Peter Goves from MFS Investment Management stated in a report that although energy price shocks may keep inflation elevated, the Bank of England is unlikely to raise interest rates in the short term. Goves noted that, due to rising unemployment, the demand backdrop in the UK remains weak, and high energy costs may further suppress consumer spending, reducing the likelihood of the Bank of England raising rates to combat inflation.