Jeremy Peat: Bank of England shows worry over surging inflation

Increasing energy prices, rampant inflation, worries about a decelerating economy and debate about ‘levelling up’ made a fascinating and complex backcloth to the meeting of the Bank of England’s Monetary Policy Committee last Thursday. This all added to the importance of the Committee’s decision on interest rates and, equally, the messages set out in the minutes of the MPC meeting and statements from the Bank’s Governor and his colleagues.

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