Lates News

On Tuesday, the Chief Economist of the Bank of England expressed concerns that inflation in the UK may be stronger than the central bank's expected interest rates, which may need to be kept higher than investors anticipate. He said that the inflation rate may remain at a level that is too high for the Bank of England's 2% target, which could "mean that measures to bring monetary policy back to our target within a reasonable timeframe may need to be more aggressive or more persistent."