
Faisal Islam: Surprise inflation jump complicates interest rate decision
BBC News
Higher inflation could give the Bank of England pause for thought over cutting interest rates.
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker and debt manager, and still one of the bankers for the government of the United Kingdom, it is the world's second oldest central bank.
Higher inflation could give the Bank of England pause for thought over cutting interest rates.
The future of the UK economy is weaker and more uncertain due to President Trump's tariffs and conflict in the Middle East, the..