Rising inflation puts Bank of England on the spot ...Middle East

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Rising inflation puts Bank of England on the spot
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The Bank of England will say on Thursday whether it is worried about a recent jump in inflation, which broke above the central bank's 2% target and looks set to climb higher as Britain reawakens its economy from its coronavirus slumber. With global policymakers grappling with economic overheating risks against the backdrop of huge stimulus programmes, Governor Andrew Bailey and other BoE officials have mostly said Britain's faster price growth is likely to prove transitory.

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