Economics
BOE Warns Against Tightening Too Soon as Inflation Surges
- Energy and commodity costs are driving consumer prices
- Policy makers voted to maintain stimulus for economy for now
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
The Bank of England pushed back against speculation that a surge in U.K. inflation means it’s preparing to boost interest rates, saying the economy still needs support to recover from the pandemic.