Bank chief warns inflation could persist as shoppers cut spending - The Telegraph

A lack of workers and firms’ willingness to pass on higher costs to customers threatens to trigger a second wave of inflation, says Huw Pill

Mr Pill hit back at criticism that the Bank of Englands huge bond purchases through quantitative easing have fuelled inflation, which hit a fresh 40-year high of 9.1pc in May. In a speech in Germany… [+1121 chars]

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