Record inflation in Great Britain: Bank of England may maintain current rates

The annual inflation rate in Great Britain reached 2.6% in November, which is the highest figure since the beginning of the year, the national statistical agency says.

Report informs via Reuters that this figure exceeds the Bank of England's target level of 2% and highlights the continuing price pressure on the economy.

Experts expect that amid accelerating inflation, the Bank of England will keep interest rates unchanged at its meeting on Thursday.

According to Martin Sartorius, lead economist at the Confederation of British Industry, wage growth and government spending plans will continue to drive inflation next year.

Bank of England Governor Andrew Bailey previously stated that inflation could remain high. According to him, this will require maintaining tight monetary policy for an extended period.

Economists also warn of possible risks. A policy of excessively high rates could lead to slower economic growth and inflation below the target level.