scorecardresearchBank of England Says Global Outlook Has ‘Deteriorated Materially’

Bank of England Says Global Outlook Has ‘Deteriorated Materially’

Updated: 05 Jul 2022, 03:56 PM IST
TL;DR.
The Bank of England said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world, posing a further downside risk in months ahead.
FILE PHOTO: A man wearing a protective face mask walks past the Bank of England (BoE), after the BoE became the first major world's central bank to raise rates since the coronavirus disease (COVID-19) pandemic, in London, Britain, December 16, 2021. REUTERS/Toby Melville/File Photo

FILE PHOTO: A man wearing a protective face mask walks past the Bank of England (BoE), after the BoE became the first major world's central bank to raise rates since the coronavirus disease (COVID-19) pandemic, in London, Britain, December 16, 2021. REUTERS/Toby Melville/File Photo