Economics

Bank of England Official Sees Inflation Rising Further to 4%

Deputy Governor says BOE may tighten monetary policy
Comments mark a shift in tone from outlook for temporary rises

Dave Ramsden
Photographer: Simon Dawson/Bloomberg

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By Lizzy Burden, Eamon Farhat, and Libby Cherry

July 14, 2021 at 5:39 PM UTC

Updated on

July 14, 2021 at 6:18 PM UTC

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Bank of England Deputy Governor Dave Ramsden said inflation may peak at double the targeted level in the U.K., indicating monetary policy might need tightening.