Bank of England warns it could step in to curb rising inflation

Second member of monetary policy committee suggests UK stimulus could be curtailed in near future

The prospect of early Bank of England action to counter rising inflation has moved closer after a second Threadneedle Street policymaker within 24 hours made the case for a tougher stance.

Michael Saunders, one of eight members of the Bank's monetary policy committee, said on current trends it might become appropriate fairly soon" to rein in some of the stimulus provided to support the economy.

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