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BoE's Greene says UK households and businesses are arguably more sensitive to a rise in inflation than in the past

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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BoE's Greene says UK households and businesses are arguably more sensitive to a rise in inflation than in the past

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  • In a scenario with energy prices resembling the Bank of England’s Scenario B but with greater second-round effects, interest rates would need to rise
  • UK households and businesses are arguably more sensitive to rising inflation than in the past
  • There is a benefit in acting sooner on rates and that the speed of the response is arguably as important as its size
  • The case for hiking rates grows as the conflict continues, with monetary policy tightening over the next few weeks or months potentially necessary

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