Bank of England chief economist warns against ‘complacency’ in fight against inflation – business live

The Bank of England's chief economist cautioned against complacency in the battle against inflation, highlighting the risks posed by rising oil prices due to escalating tensions between the US and Iran. The recent strikes have driven Brent crude prices up by nearly 1%, signaling a potential inflationary pressure. This warning underscores the delicate economic balance and the need for vigilant policy measures to curb inflation amid global geopolitical instability. For more details, check out the live coverage from The Guardian.