Interest rates dilemma puts spotlight on Bank of England’s credibility

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As markets bet on an increase, economists give their view after Andrew Bailey’s mixed messages

” were still to come. Britain’s economic recovery from Covid-19 was fading, inflationary pressures stalking the country would prove temporary and the Bank of England fiddling with interest rates would hardly produce more lorry drivers or make the wind blow for turbines.betting that a rate increase is due within weeksIn the broadest possible hint that rates could rise from the current 327-year low of 0.

 

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