Bank of England interest rate-setter Megan Greene has cautioned that recent rises in inflation could prove longer-lasting than forecast, leaving policymakers in an “uncomfortable place”.
In a speech at the National Institute of Economic and Social Research (Niesr), Bank Monetary Policy Committee (MPC) member Ms Greene said that stubborn inflation of around 3.5% for the rest of the year could keep fuelling wage rises and price hikes in the UK.
