World & BusinessThe case for avoiding Bank of England rate rises amid an energy crisis
The Financial Times reports that the OECD says UK policy is tight enough to keep inflation in check, even as it warns of rising global price pressures.
TLDR
The Bank of England does not need to raise interest rates because UK policy is already tight enough to keep inflation in check, the OECD said on September 23, according to the Financial Times. The group said the UK was “starting from a different position” on monetary policy compared with other countries, while warning of rising global price pressures from the energy crisis.
The case for avoiding Bank of England rate rises amid an energy crisis
The Financial Times reports that the OECD says UK policy is tight enough to keep inflation in check, even as it warns of rising global price pressures.
TLDR
The Bank of England does not need to raise interest rates because UK policy is already tight enough to keep inflation in check, the OECD said on September 23, according to the Financial Times. The group said the UK was “starting from a different position” on monetary policy compared with other countries, while warning of rising global price pressures from the energy crisis.