BoE rate setter says inflation is too high in UK


first_img Show Comments ▼ KCS-content whatsapp DAVID MILES, the Bank of England’s rate setter, warned yesterday that UK inflation is uncomfortably high.“I am particularly concerned about inflationary pressures, since it is our job to keep the rate close to the two per cent target and it is uncomfortably above that at present,” said Miles yesterday.Miles said there still remained a “great deal of uncertainty” over whether spare capacity in the economy could help to alleviate inflationary pressures. His remarks come as figures yesterday showed that the Consumer Price Index has remained above three per cent for the sixth consecutive month. Inflation has continued to sit above the Bank’s two per cent target for almost a year.Meanwhile, bread, clothes and cereal prices have continued to rise during August. whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Sharecenter_img Wednesday 15 September 2010 8:40 pm Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com BoE rate setter says inflation is too high in UK last_img

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