BofE warns further rate hikes 'pose material risk'

MPC member urged for a halt to further increases

clock • 1 min read
BofE warns further rate hikes 'pose material risk'

Bank of England (BofE) monetary policy committee member Swati Dhingra has called for a stop to additional rate hikes, as they could have a damaging effect in the medium term.

In her speech given at the Resolution Foundation, Dhingra argued that monetary policy usually takes around a year to affect inflation. And with interest rates having already risen by 390 basis poin...

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