IMF Warns of Potential Risk to UK Economy Due to Service Sector Inflation
Tuesday, 16 July 2024, 13:29
IMF Caution on UK Interest Rates
The International Monetary Fund (IMF) has warned about the risk of persistently high interest rates in the UK.
Service Sector Inflation Impact
The concern stems from inflation within the service sector, which could pose challenges for the economy.
Bank of England's Alert: Policymakers at the Bank of England also raise the alarm about the potential embedding of price growth in the service industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.