BOE Must Not Enter Panic Mode on Inflation: CEBR CEO

The transcript discusses the trajectory of inflation, noting a potential deceleration in the coming months. It highlights factors like seasonal adjustments and the services sector's price stickiness. The Bank of England's response to inflation, particularly regarding interest rates, is examined, emphasizing the need for a cautious approach. The unique challenges of the UK housing market, especially concerning mortgages, are also explored, with potential implications for the economy.

What are the potential consequences of high mortgage rates mentioned by the speaker?

What does the speaker imply about the timing of the economic impact related to inflation and mortgages?