UK interest rates held at record low despite inflation fears
Bank of England rate-setters keep rates at record low of 0.1%, saying inflation rise is “transitory”. …
But this isn’t a typical crisis. The Bank of England is bracing for inflation, to hit 4% by year-end, twice its target. However activity and employment have yet to reach pre-pandemic levels, the path of recovery uncertain once furlough ceases and given the risk of renewed restrictions.
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