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READ MOREWait and see before hiking interest rates, Bank of England rate-setters say
Two of the Bank of England’s nine-strong monetary policy committee have said they prefer to wait and see how surging gas prices and shortages of raw materials affect inflation before voting for a rise in borrowing costs.
In a message that will be seen as a swipe at more hawkish members of the monetary policy committee (MPC), who have signalled a willingness to raise borrowing costs, the economists said the recovery still remained uncertain.
Read more at The Guardian
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