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UK in most challenging time for monetary policy since 1992: BoE's Broadbent

In an annual report to parliament, Broadbent said there was no guarantee that the inflationary impact of rising import prices would fade quickly, adding that rate-setters would monitor domestic cost pressures carefully.

He said it remained to be seen what that meant for policy decisions.

“This is the most challenging period for monetary policy since inflation targeting began in 1992,” he wrote.


Source: Economy - investing.com

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