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Ex-BoE member warns inflation set to rise again

Video Credit: ODN - Duration: 01:39s - Published
Ex-BoE member warns inflation set to rise again

Ex-BoE member warns inflation set to rise again

Former Bank of England policymaker Michael Saunders welcomed March’s lower inflation but warned it may be short-lived.

He said rising energy bills, tax hikes, and fallout from US trade tensions could push UK inflation above 3% next month, while also slowing growth, investment and potentially increasing unemployment later this year.

Report by Covellm.

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