According to online reports, Katharine Neiss, chief European economist at PGIM Fixed Income, said that the Bank of England needs to be further convinced that inflation is on a downward trend before it can take interest rates faster. The Bank of England's 25 basis points cut interest rates on Thursday did not surprise anyone, but Governor Bailey was cautious amid geopolitical headwinds, especially in the United States. Neiss said the UK is now facing more potential inflationary shocks,"First of all, the UK budget is more expansionary and inflationary than expected. Second, the prospect of tariffs and a stronger dollar triggered by the U.S. election results will spill over to the UK."