Economics

BOE Opens The Door for 2021 Rate Hike as Inflation Seen Above 4%

Ramsden switches to join Saunders in push to end bond buying
‘Considerable uncertainties remain’ in U.K. outlook, BOE says

Bank of England Interest As Central Bank Set to Step Toward Tightening — Photographer: Hollie Adams/Bloomberg

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By Lizzy Burden

September 23, 2021 at 11:14 AM UTC

Updated on

September 23, 2021 at 2:26 PM UTC

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The Bank of England raised the prospect of hiking interest rates as soon as November to contain a surge in inflation, which it now expects will exceed 4% following a spike in energy prices.