Interest rates will need to rise again, warns Bank of England rate-setter
by Phillip Inman and Graeme Wearden from Economics | The Guardian on (#69531)
Catherine Mann, a hawkish member of the MPC, says high rates necessary to stop inflation becoming embedded in wages and prices
Interest rates will need to rise again to prevent inflation becoming a persistent problem in the UK, a Bank of England policymaker has warned.
A shortage of workers and high wage demands were likely to continue pushing up inflation, acting as a counterweight to falling energy prices, said Catherine Mann, a member of the Bank's monetary policy committee (MPC), which sets the base rate.
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