The Bank of England has warned that UK inflation could surge to 6.2% if the Middle East conflict escalates further. The central bank highlighted geopolitical risks as a key factor that could drive energy prices higher and push inflation well above its target.
The warning underscores the vulnerability of the UK economy to external shocks, with potential implications for monetary policy decisions in the coming months.
Bank of England Warns UK Inflation Could Hit 6.2% Amid Escalating Middle East Conflict
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