Wait and see before hiking interest rates, Bank of England rate-setter says - short news
Silvana Tenreyro says look how much certain commodities’ prices rise before pushing up borrowing costs
An early hike in interest rates would be “self defeating” if inflationary pressures turn out to be temporary, according to a member of the Bank of England’s monetary policy committee.
Silvana Tenreyro, one of the central bank’s nine rate-setters, said policymakers should wait and see how much the price of oil, gas and semiconductors continued to increase before they..
source: The Guardian - 14.10.2021