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Evening Standard

Alex Daniel

Bank of England policymaker says job losses will ‘restrain’ inflation rise

Catherine Mann Bank of England Inflation Economy Huw Pill PA Graphics

The Bank of England cut interest rates (Aaron Chown/PA) - (PA Wire)

Price and wage rises across the economy will be hampered despite an expected spike in inflation this year because of a job market downturn, according to a Bank of England rate setter.

Policymaker Catherine Mann forecast a “further loosening of the labour market” in 2025, partly driven by extra company taxes announced in the October budget.

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