Bank of England Governor Andrew Bailey: The Bank of England is watching the extent of inflation transmission. Inflation risk is biased upward, and this may change. Future decisions depend on how fast inflation recedes. Peace initiatives have had a limited impact on inflation. Inflation has now solidified due to energy price caps.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.