[Bank of England Deputy Governor: Weak UK Economy Reduces Inflation Stickiness Risk, No Need to Raise Rates for Now] Jin10 Data, July 16 – Bank of England Deputy Governor Broadbent downplayed the risk of inflation surging and spreading to wages and corporate pricing behavior, stating that there is little reason to raise interest rates. Broadbent noted that since the outbreak of the Middle East war, rising borrowing costs for businesses and households, coupled with weak economic performance, suggest that the Bank of England may not need to take action to curb price pressures. Broadbent is one of the more dovish members of the Bank of England's Monetary Policy Committee and has supported keeping interest rates at 3.75% during the past three meetings. Broadbent expressed confidence that inflation is currently on track to fall back to the 2% target level, barring any impact from war-related factors. However, she emphasized that if signs of price increases feeding back into a sustained inflationary cycle emerge, she would support raising interest rates. She also noted that the cybersecurity risks exposed by recent advancements in artificial intelligence models have become one of the key areas of focus for the Bank of England.