The Role of the ECB in the Bank of England

There are different challenges in the UK and Europe regarding inflation./nThe ECB and the Bank of England have different roles in managing inflation./nRecent inflation readings in the UK have provided relief, but it needs to be a sustained trend./nInflation expectations remain high in the UK, requiring a hawkish stance from the BOE./nThe BOE has lost credibility in managing inflation in the current cycle./nTo control inflation, the BOE will likely choose tightening measures even if it leads to a recession in the UK.