Bank of England official warns of higher inflation if rate rises lag US

Financial Times LogoFinancial Times1 mo ago

Bank of England official warns of higher inflation if rate rises lag US

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The pound, trading at $1.2232 on Monday afternoon, has lost 11.4 per cent of its value against the US dollar over the past year, although it has been broadly stable against the euro.

She thought that incomes were being hit, but spending might prove to be more resilient, further embedding inflation, particularly if the BoE was seen to be reluctant to tighten monetary policy.

Catherine Mann: ‘A more robust policy move . . . reduces the risk that domestic inflation . . .

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Article Details

Author / Journalist: Chris Giles

Category: MarketsFinanceInvesting

Topics: Rates Sterling Policy Domestic Interest Cent Mann Inflation Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-20, 15:55:35

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 645 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 1389

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