Published 2 years ago

Cost of living: Bank of England rate-setter sees inflation higher than forecast

Summary by Ground News

Bank of England policymaker Michael Saunders said inflation risked exceeding BoE forecasts. He urged the BoE to "lean heavily" against it. Saunders and two other members of the nine-strong Monetary Policy Committee voted to raise Bank Rate from 0.75% to 1.25% last week.

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The Guardian

High UK inflation could last for ‘years rather than months’, warns economist

Expert sounds warning as Bank of England economist says inflation ‘uncomfortably high’ amid cost of living crisis

2 years ago·London, United Kingdom

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Reuters

Bank of England's Saunders worries inflation will be higher than forecasts

Bank of England policymaker Michael Saunders, who called in vain for a big interest rate hike last week, said inflation risked exceeding BoE forecasts that already go above 10%, and urged the BoE to "lean heavily" against it.

2 years ago·United Kingdom

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Daily Express

UK recession warning: Horror forecast after Bank of England interest rate update

THE UK is at greater risk of a recession, according to economic experts following the increase in interest rates.

2 years ago·United Kingdom

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Sky News UK

Cost of living: Bank of England rate-setter sees inflation higher than forecast

Michael Saunders uses a speech to warn that the threat posed by so-called secondary inflation ahead should be tackled more aggressively by his colleagues on the bank's monetary policy committee.

2 years ago·United Kingdom

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The Times

Raise rates quickly or inflation crisis will get worse, says Bank of England policymaker Michael Saunders

Raising interest rates quickly could avoid an even worse cost-of-living crisis in the future, a Bank of England policymaker has said.Michael Saunders, a member

2 years ago·London, United Kingdom

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This Is Money

Saunders: Inflation may exceed 10% forecast by Bank of England

Saunders, one of the three Monetary Policy Committee members who voted for a larger 0.5 per cent rate hike last week, said inflation was already 'uncomfortably high.

2 years ago·United Kingdom

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