MPC says inflation is likely to reach 4% towards the end off 2021 The Bank of England confirmed on Thursday that there may need to be some “modest tightening of monetary policy” over the next two years in order to minimise the potential impact of high inflation. The Monetary Policy Committee (MPC) said that inflation […]

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In its statement on Thursday, the Bank of England said “there are signs that consumer spending has softened across a range of high-frequency indicators, while investment intentions have remained weak”. This, and the need to help the government introduce renewed fiscal support during lockdown, saw the central bank announce an additional £150 billion in QE. […]

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