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We're not 'inflation nutters,' top Bank of England economist says

Por: CNBC Business November 08, 2022

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The Bank of England accepted a record amount of gilts at a reverse auction on Wednesday.Sopa Images Lightrocket Getty ImagesLONDON — policymakers are not inflation nutters but tightening of monetary policy is necessary to prevent surging prices becoming entrenched in the economy, the central bank's Chief Economist Huw Pill said Tuesday.The Bank's Monetary Policy Committee last week, its largest hike since 1989, despite warning that... + full article



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