Julian Benson
on March 8th, 2023 Speaking to Bloomberg yesterday, senior Bank of England policymaker, Catherine Mann expressed her concern that British companies could possibly be exploiting the cost-of-living crisis to drive inflation-busting price hikes.
Mann mentioned the pricing power of companies meant lowering the UK’s annual inflation rate to its 2% would need interest rates to rise further. The current annual interest rate is 4%.
GBP/USD: the past year
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