Former Federal Reserve chairman Ben Bernanke said that 'it is very important to understand that the shocks which led to inflation were global in nature'
After the two hottest days of the year so far last weekend, with 26C highs, all eyes are now turning to the late May bank holiday and whether the UK will roast once more.
Huw Pill, the Bank's chief economist, said it is "not unreasonable" to expect the Bank to consider cutting interest rates over the summer if inflation continues to ease off.
The Bank of England, in London, has entered discussions regarding the UK’s interest rates, a decision that is crucial for the economic well-being of the nation. A meeting is scheduled for May 9, 2024, with speculation pointing towards the…