Analyst: Weak UK Economy Means Bank of England Unlikely to Raise Rates Aggressively

```htmlAccording to Golden Ten Data on April 7, Ebury analyst Enrique Diaz-Alvarez stated in a report that although the UK faces inflation risks, the Bank of England is expected to remain cautious about raising interest rates. He pointed out that the UK's economic growth is weak and the labor market is fragile, so Bank of England members will be wary that aggressive rate hikes could push the UK into recession. Data shows that investors have now fully priced in expectations for two 25-basis-point rate hikes by the Bank of England before September.```