Really? Here's a link to the actual report https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/august-2022 https://www.bankofengland.co.uk/

Really? Here's a link to the actual report https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/august-2022 https://www.bankofengland.co.uk/monetary-policy-summary-and-... >Inflationary pressures in the United Kingdom and the rest of Europe have intensified significantly since the May Monetary Policy Report and the MPC’s previous meeting. That largely reflects a near doubling in wholesale gas prices since May, owing to Russia’s restriction of gas supplies to Europe and the risk of further curbs. I'm not an economist, but another comment has already expressed skepticism over that claim.