BBCNEWS World Business Report December 15, 2021 05:37:00
Quite an uncomfortable position. you know, it is charged with keeping inflation at 2%. we are looking out, talking about inflation perhaps rising to 5% or even more early next year. i think had it not been for 0micron, the strength of the labour market and this week's inflation figures, it would set the stage for an interest rate rise this week. the question is whether 0micron convinces the bank of england to sit tight. now the bank of england could raise rates, to try to prevent inflation settling at a higher rate, but that would also weaken economic activity, so i think there is quite a stro...
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