The Bank of England expects inflation to exceed 3 percent temporarily, and to fall back once the impact of rising commodity prices prove transitory.
At the Monetary Policy Committee meeting on Thursday, policymakers repeated their forward guidance and kept the policy unchanged, as widely expected.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com