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Bank of England policymakers hint stimulus may be curtailed soon

The remarks sent the pound higher as much as 0.3 per cent

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A pedestrian shelters under a Union Flag umbrella in front of the Bank of England, in London. Photo: Reuters

1 min read Last Updated : Jul 15 2021 | 11:14 PM IST

Two Bank of England policymakers signalled that stimulus measures may have to be trimmed back soon to keep inflation from overheating.

Michael Saunders on Thursday joined Deputy Governor Dave Ramsden in noting that both growth and inflation in the UK economy have exceeded the central bank’s latest forecasts in May.

The remarks sent the pound higher as much as 0.3 per cent and prompted traders to bet on a BoE interest-rate increase in May 2022, almost a full year ahead of expected tightening by the US Federal Reserve.

Topics : Bank of England Pound US Federal Reserve