Interest rates must hit 6pc to tame inflation, says founding Bank of England rate-setter - The Telegraph

Willem Buiter says policy will need to be "seriously restrictive" to reach 2pc target

While much of the surge is due to Russia's invasion of Ukraine, recent data suggest inflation is becoming more entrenched. Liz Truss, the Foreign Secretary, has said she intends to review the Bank's… [+1698 chars]

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