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As Quoted…
“With the markets bracing for an interest rate rise, the Bank of England (BoE) may be feeling unsettled – but investors shouldn’t anticipate the central bank to make the call just yet. This begs the question – why not? The BoE will be cautious of the risk-off associated with the transmissibility of the Omicron variant, the continuing energy crisis and supply-chain bottlenecks. Under ordinary circumstances, one would expect the BoE to take a hawkish turn at the bank’s meeting on December 16 – but the current situation is far from normal.”
Giles Coghlan, chief analyst at the London brokerage house HCYM, on the emerging threat of inflation.
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