The Bank of England "will have to act" over rising inflation, governor Andrew Bailey has warned, suggesting that UK interest rates may rise soon.
The Bank has already said UK inflation is set to exceed 4% before falling back as the economy recovers from Covid. Investors are expecting rates to be raised later this year or early in 2022, in an effort to bring inflation back down to the Bank's target of 2%. "Monetary policy cannot solve supply-side problems - but it will have to act and must do so if we see a risk, particularly to medium-term inflation and to medium-term inflation expectations," the Bank governor said.
Time have our pants pulled down even further
If a whoopee cushion had a face…
simonmaginn and let the repossessions begin, the housing market is about to start a downward trend at last.
Cheap housing incoming
Start putting Bitcoin on the balance sheet and do an ElSalvador , make it legal tender with a 'choice' for the people to decide which currency they will utilize.
Bitcoin is inflation free....
Hahaha may* soon*..... so they will stay the same. Slow news day. Probably project fear again 😄😄🤪🤪🤪
RishiSunak better pull his head out of his ass then ? if unemployment hits 6% by the end of the year & higher prices upon most in britain
Sunlit uplands
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