The British are worried about high inflation

According to the Fars International Economic Group, Andrew Bailey, the Governor of the Bank of England, expressed concern about the outlook for inflation in this country.

The Bank of England predicted earlier this year that inflation could hit an epidemic in the second quarter of next year due to rising energy prices and supply disruption amid the global economic recovery. coronavirus, To reach 5%, which is more than twice the official target rate.

This English official in an interview with Sandy The Times expressed concern about wage bargaining and the labor market, which he said had a significant impact on inflation.

“If the economy develops according to the forecasts and reports, we should raise interest rates,” he explained.

Interest rates in the UK have reached a four-year high of 4.2%.

A Bank of England economist said on Friday that bank interest rates could rise next month, but no decision has been made yet.

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