The Bank of England's inflation problem is getting awkward - NewsBreak

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By Gesard in Business
Updated 2 years ago

Inflation is becoming increasingly hard to ignore. From central bankers to ordinary consumers grimacing at their energy bills, the pace at which prices are rising has become a pressing concern. Investors are worried too. Financial markets are betting that the key Bank of England interest rate could rise to 1 per cent by the end of 2022, the highest rate in more than a decade, starting with a small 0.15 percentage point rise this coming December. But this is set against an uncertain global economic outlook, and a UK recovery which seems to be losing steam, limited by shortages in...

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