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READ MOREBank of England to launch another jumbo rate hike to tame over 10 per cent inflation
The Bank of England is set to launch a series of jumbo rate hikes to tame inflation that is beginning to be driven by domestic factors, City economists warned.
Prices climbed 10.1 per cent annually in July, the fastest acceleration since February 1982 and much higher than the Bank and analysts’ forecasts, according to figures published by the Office for National Statistics (ONS) today.
Britain has the highest inflation rate of any country in the G7.
Read more at City A.M.
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