Barclays: No Bank of England rate hikes expected this year

Jack Meaning, U.K. chief economist at Barclays, tells CNBC he does not expect the Bank of England to raise interest rates this year, following the central bank’s latest forecast scenarios for the U.K. economy. The central bank held rates as expected, but policymakers signalled hikes remain possible as they assess the impact of higher energy costs driven by the war in Iran.