Bank of England's Pill: Quick Action Needed on Inflation Risks
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Bank of Englands Huw Pill warns of inflation risks from Iran war, urges swift action to maintain price stability. Central bank ready to raise rates if Gulf tensions push prices higher. Inflation could reach 3.5% by third quarter due to energy cost surge. Monetary policy cant fix energy shocks but can curb follow-on effects like wage increases.
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