Sun. Oct 13th, 2024

Bank of England Warns of Inflation Surge

Bank of England Warns of Inflation Surge

The Bank of England left monetary policy unchanged on Thursday, but warned of above-target inflation in the near-term. The Bank raised its fourth quarter inflation forecast to 4%, from a 2.5% estimate in June, following two consecutive months of above-forecast readings. Presented by @cmegroup: https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insights />
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