Central Banks
BOE Rate-Hike Impact on Economy Is Yet to Hit, Tenreyro Warns
- Central bank policy maker remarks in statement to UK lawmakers
- Mann airs possibility of ‘more forceful set of moves’
Silvana Tenreyro
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
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Bank of England policy maker Silvana Tenreyro said the UK economy is already slowing, even before the brunt of interest-rate increases are felt, as surging inflation crushes incomes.