Slower growth, high inflation make awkward reading for Bank of England - NewsBreak

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By Vikash in Business
Updated 3 years ago

By Andy Bruce LONDON (Reuters) - Bank of England rate-setters who may be tempted to vote next week for an early end to their COVID-19 stimulus plans are likely to hold off for now, with a slowing economy but surging inflation making for a tricky backdrop. Last month, Michael Saunders was the only Monetary Policy Committee member to vote https://www.reuters.com/article/us-britain-boe-idUSKBN2F61E9 for an early end to the British central bank's purchases of government bonds, on the basis that continued buying risked a more aggressive tightening of monetary policy in future.

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