RE: Good Morning All2 Nov 2021 09:14
Pretty much at the start of the budget, Rishi reminded the BOE of their remit re inflation. There were also post budget discussions on the BBC with .... (sorry, can't remember but i think it included part of Rishi's team), and there were comments along the lines of 'the BOE have the key levers to address inflation'. Suppose the question is, does inflation need addressing or we will be back to target without a rate rise? The same BBC discussions speculated peak at the end of Q1 2022 and back to target by end of 2022.
Who knows as models / projections can be way off!