Bank of England expected to continue raising interest rates

The research report analyzed by the agency said that domestic inflationary pressures in the UK are still high, and core inflation and food prices remain high. At the same time, institutional analysis predicts that the Bank of England will continue to raise interest rates. Higher interest rates, persistent inflation and other factors could weigh on growth in the UK economy over the next two years, senior economists say. He pointed out that some economic models may have exaggerated the resilience of the UK economy, and the current consensus on the UK’s economic outlook may be too optimistic. Deutsche Bank believes that the risk of a recession in the UK remains high.