A Good Day For The Bank Of England

The Bank of England caught another break on Wednesday with an unexpectedly favorable UK inflation report. But it'd be a stretch to suggest things are going the bank's way. The last two years were nothing short of a catastrophe for the BoE, which was compelled to grapple not only with the post-pandemic inflation, but also with the macroeconomic fallout from Russia's invasion of Ukraine and a short-lived fiscal crisis during Liz Truss's fleeting stint as prime minister. Never before was the BoE'