Economics
BOE Risks 1.2 Million Jobless With Quicker U.K. Inflation Fight
- Bloomberg Economics warns of unemployment surge and deflation
- Analysis highlights trade-off before Thursday policy decision
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The Bank of England would have to deliver a “huge interest rate hike” that pushes 1.2 million people out of work to bring inflation back to its 2% target this year, according to analysis by Bloomberg Economics.