War David Milligan
LONDON (Reuters) – British families, businesses and financial markets are optimistic that the Bank of England (BoE) will return to its 2% target, Central Bank official Catherine Mann said after official data. .
BoE chairman Andrew said on Monday that he was worried last month that markets would lose confidence in the Monetary Commission’s commitment to tackle inflation, which sent him a signal to raise interest rates.
The BoE did not raise borrowing costs at its November meeting, much to the surprise of investors. But financial markets expect interest rates to rise next month, following strong employment data and inflation rising to 4.2%.
Deer, who joined the BoE’s Monetary Policy Committee in September, said at an online event hosted by JPMorgan that he expects high inflation to be provisional.
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