The Bank of England may not need to raise interest rates in response to ongoing geopolitical tensions, with policymakers instead considering how far recent inflation pressures should be “looked through”. The comments suggest a more cautious outlook, with focus on how external pressures and a softer domestic economy could influence future interest rate decisions. https://www.cityam.com/bank-of-england-says-interest-rate-hike-may-not-be-needed/