On June 12th, analysts from Berenberg pointed out in a report that the Bank of England's reluctance to raise interest rates compared to the European Central Bank seems reasonable. They stated that the labor market situation in the UK is weaker than in the eurozone, and the role of the service industry in driving inflation is no longer as significant as before. At the same time, analysts pointed out that before the energy shock, the UK's interest rate policy had become more stringent and the fiscal situation remained tight. They added that after a strong start at the beginning of the year, the UK is currently facing an economic slowdown as the situation in Iran continues to drag down economic activity. Due to changes in seasonal consumption patterns since the outbreak of the pandemic, there has been a "statistical illusion" that the economic performance in the first quarter was actually weaker than it appeared on the surface. Analysts said, "We predict that the economy will stagnate this summer, and quarterly GDP growth in the second and third quarters will be zero