BoE: Expect two more years of above-target inflation

clock

The Bank of England's Monetary Policy Committee has said inflation may remain above the 2% target for the next two years, in part due to sterling weakness.

In a rare statement accompanying today's monetary policy decision, the MPC said inflation is expected to fall back to its target level after that point. The forecast represents a further extension of...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Industry

The FCA's headquarters in East London

FCA staff to vote on strike action as negotiations dry up

CEO Rathi has dismissed staff concerns as ‘noise’

James Baxter-Derrington
clock 24 January 2022 • 2 min read
Buzz: Does the dashboard need to be interactive?

Buzz: Does the dashboard need to be interactive?

This week's poll looks at the dashboard and the charge cap

Professional Pensions
clock 24 January 2022 • 1 min read
Most savers not on track for a decent retirement

Most savers not on track for a decent retirement

Hargreaves Lansdown found less than 40% are on track to achieve a ‘moderate’ income

Holly Roach
clock 24 January 2022 • 3 min read
Trustpilot