One Turn
Think tank warns Bank of England rise too timid
The think tank Niesr said last week's small Bank of England rate rise risks keeping rates higher for longer. It says inflation could become more persistent.
Why it matters
It bears on UK mortgage and loan costs.
Background
The bank sets UK interest rates.
The story so far
- UK interest rates expected to rise for first time in three years
- Bank of England raises rates to 4%
- Bank of England raises rates to 4%
- Think tank warns Bank of England rise too timid
Sources
- The Guardian ↗Nov 10, 7:01 PM ET
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