Deloitte chief economist comments on the Bank of England's interest rate decision has been saved
Deloitte chief economist comments on the Bank of England's interest rate decision
03 February 2022
Commenting on the latest interest rate decision from the Bank of England, Ian Stewart, chief economist at Deloitte, said:
“With the economy recovering, inflation heading to 7% and interest rates near record lows the case for higher rates has rarely been more clear-cut. Vaccines have blunted the impact of the Omicron wave, giving the Bank of England the green light to raise interest rates for the second time in six weeks.
“As pandemic risks ease, economics is in the driving seat of monetary policy again, pointing to at least two more rate hikes this year.”
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Notes to editors
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