In Focus: Fixed income  

'Fast and forceful' rate rise needed, MPC member says

A “fast and forceful” rise in interest rates will be needed to prevent expectations of higher inflation from driving the base rate up even further, a member of the Bank of England’s Monetary Policy Committee (MPC) has said.

She warned that the bank cannot be complacent in the face of soaring inflation, and must act more forcefully now.

sally.hickey@ft.com

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