Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%
There is a threat of high inflation coming to the UK but only from the conflict in the Middle East, which could keep oil prices high for much longer than was expected when Donald Trump first began attacking Iran.
It is the war that makes the difference between a benign outlook for inflation and one that puts it back on a rising trajectory, senior UK central bankers believe.
Continue reading...
TH
Source
This article was originally published by The Guardian and written by Phillip Inman.
Read original article on The Guardian