Bank of England Chief Economist Predicts Moderately Higher Interest Rates to Combat Inflation
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Interest rates will likely be higher than pre-pandemic levels but lower than current 15-year highs, says Bank of England Chief Economist.
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Rates should offset inflation and provide a small return for shareholders, according to Chief Economist.
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Economist hopes for fewer shocks like COVID and Ukraine war to allow more stable rate setting.
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Inflation easing from 11.1% peak in October 2022 but still above 2% target.
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Persistently high inflation may not fall quickly even as demand slows, says Chief Economist.