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Bank Of England Warns Of Economic Risks From Elections

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The Bank of England joined peers in ramping up interest rates between late 2021 and last year to combat soaring inflation.

A pedestrian crosses the streets in front of The Bank of England illuminated by a ray of sunlight, in central London, on February 12, 2024. Policy uncertainty linked to upcoming elections in France and the United States has increased the risk of market volatility and other economic fallout, the Bank of England warned Thursday.

Britons meanwhile go to the polls on July 4, with the BoE refraining from specific comment on that election to avoid political bias.Advertisement“It could also increase existing sovereign debt pressures, geopolitical risks, and risks associated with global fragmentation, all of which are relevant to UK financial stability,” the BoE added.

 

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