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Bank of England chief economist warns against ‘complacency’ in fight against inflation – business live
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NEWSDECK ANALYSIS
The Bank of England has a mandate to keep inflation at 2%, and the chief economist's warning against complacency suggests that he believes the current rate, although lower than recent peaks, still requires careful management. The UK's inflation rate had previously surged to 11%, and the economist's comments imply that a sense of relief at the decline to 3% should not lead to a decrease in vigilance. The Bank of England's interest rate decisions are closely watched for their impact on the economy, and the chief economist's comments may indicate a divergence of opinion among policymakers.
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Guardian Business
Bank of England chief economist warns against ‘complacency’ in fight against inflation – business live
Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The Bank of England’s chief economist is warning against complacency in the fight against inflation, after finding himself in a minority at this month’s BoE interest rate vote.
“I think it should be seen as problematic, because our mandate is very clear…
29 Jun, 06:43
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