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Bank of England warns gas prices will help push inflation over 4 per cent this year and downgrades Covid recovery forecasts as it keeps interest rates on hold at 0.1%

Bank of England warns gas prices will help push inflation over 4 per cent this year and downgrades Covid recovery forecasts as it keeps interest rates on hold at 0.1%

Bank of England highlighted inflationary pressures in the latest MPC report MPC said rate likely to go above 4 per cent this year but should be 'transitory' Growth expectations lowered as interest rates kept on hold at just 0.1 per cent The Bank of England set nerves jangling about rising inflation today as...

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Andrew Bailey Bank of England CPI MPC Monetary Policy Committee

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