Economics
BOE’s First Back-to-Back Hikes in 17 Years May Just Be the Start
- Expectations for a rapid tighening grow with surging inflation
- Central bank’s move may exacerbate a cost of living crisis
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The Bank of England, one of the first movers in what looks set to be a rapid global tightening of monetary policy, this week will give a big clue about how far and fast it will move in combating inflation.