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However, the UK economy is still at risk of entering a recession in 2024 amid pressure from high interest rates and increased unemployment, the National Institute of Economic and Social Research (NIESR) has warned.
Source: https://www.independent.co.uk/news/business/mortgage-interest-rates-banks-economy-b2390716.html
The BoE had struggled to explain its policy strategy to financial markets and it appeared to be buffeted by individual pieces of data that came in higher than expected, NIESR said.
Source: https://business.inquirer.net/414898/uk-inflation-to-exceed-boe-target-for-next-4-years-niesr