How much inflation will the BOE tolerate before acting?
If inflation continues to rise, this will be the question on the market’s lips.
Controlling inflation is a tricky task in any country, and it’s particularly tricky in the UK. Due to the fact we’re net importers, and energy is one of our biggest imports, we are very open to currency changes and general price changes. Right now the UK is getting it double. The currency has fallen and the price of oil has gone up.
When will the BOE hike rates on inflation, and will it make a difference?
