Inflation above target: Will the Bank of England have to act soon?

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Ed Bowsher

Inflation above target: Will the Bank of England have to act soon?

Ed Bowsher
Original Broadcast:

Share Radio Afternoon

Inflation above target: Will the Bank of England have to act soon?
UK inflation stayed steady at 2.3% in March, following rises in recent months. The biggest month-on-month rises were in food, but the figure was held down by low air fares. Given that inflation is above the Bank of England's 2% target, does that mean that the Bank will want to act soon and raise rates? And was last summer's cut to 0.25% a mistake? Ed Bowsher was joined by Ruth Gregory, UK Economist at Capital Economics to discuss further.
Guest:

Ruth Gregory


Published:

Topics: UK, Macro-Economics (in Economics)

Strand: Share Radio Afternoon


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