British Prime Minister Boris Johnson spokesman on Tuesday said inflation in Britain will peak in the short to medium term and that the government has been careful not to prolong the current phase of price hikes with new policies to balance interest rate hikes.
Johnson indicated last week that he wanted more people to be able to get home purchase mortgages, but the Bank of England is expected to raise interest rates on Thursday.
“The general consensus is that inflation will peak in the short and medium term,” Johnson’s spokesperson said when asked if higher interest rates could be offset by a government move to make mortgages available. . Let’s do something to change it. “
He added: “It appears that the broad consensus is that some of these challenges may only be in the short to medium term.”
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