Bank of England mulls inflation threat
The Consumer Prices Index hit an above-target 2.5 percent in June as Britain lifted virus curbs.
August 5, 2021 03:17 BST
The Bank of England updates on its monetary policy and forecasts Thursday with eyes on the inflation outlook as surging prices worldwide pose a threat to economic recovery.
While the BoE is widely expected to keep its main interest rate at a UK record-low of 0.1 percent, it could detail how the central bank plans to begin tapering its emergency cash stimulus programme, or quantitative easing (QE), according to economists.
This is because Britain has lifted most lockdown restrictions, enabling its economy to press on with recovery despite worries over the fast-spreading Delta variant of the coronavirus.
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