Bank of England's Breeden sees less second-round inflation risk than in 2022

LONDON, March 26 (Reuters) - ​Bank ⁠of England ​Deputy Governor Sarah Breeden said she ​saw ‌less risk of second-round inflation ⁠effects from rising ⁠energy prices ​caused by the Iran war than in 2022 after Russia's ​full-scale ‌invasion of Ukraine, due to greater weakness in the labour market.

"Where ​we are now is ‌very different to 2022 when we ‌had the last energy shock," Breeden told an event hosted ​by the Resolution Foundation think tank ‌on Thursday.

"There's slack in the labour market, and ⁠it's ⁠rising. And the outlook ‌for activity was lacklustre even ​before ​the energy shock," she ‌added. (Reporting by Suban Abdulla, writing by David Milliken Editing by William Schomberg)