Economics
BOE Ready to Act ‘Forcefully’ Against Inflation, Cunliffe Says
- Deputy governor says this shock isn’t like financial crisis
- Economy is slowing due to squeeze on consumer spending
Jon Cunliffe on July 5.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
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The Bank of England is prepared to act “forcefully” to ensure that inflation doesn’t persist in the UK, the central bank’s Deputy Governor Jon Cunliffe said in a signal policy makers may consider larger interest rate increases.