Bank of EnglandMay 20 2022

BoE warns against inflation psychology amid 'uncomfortable' situation for UK

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BoE warns against inflation psychology amid 'uncomfortable' situation for UK
Customers dine at a restaurant in Covent Garden, London (Chris J. Ratcliffe/Bloomberg)

Brexit's impact on the workforce and global growth stalling has pushed up inflation, but the chief economist at the Bank of England has warned against "inflation psychology" on consumers and employers, which would raise prices further.

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