UK’s economy ‘not out of the woods’ after lockdown, Bank of England policymaker warns

Jan Vlieghe says Threadneedle Street should be cautious about raising interest rates to counter inflation

Britain's economy is not out of the woods and the damage caused by the Covid-19 pandemic has been only partly repaired, a Bank of England policymaker has said.

Speaking as fresh figures showed only a modest impact on consumer activity from freedom day", Jan Vlieghe said Threadneedle Street should be cautious about raising interest rates to counter higher levels of inflation emerging after lockdown.

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