Bank of England policymaker, Andrew Sentance, has reiterated that the Bank’s Monetary Policy Committee (MPC) needs to gradually lift interest rates from their historic level of 0.5% as high inflation persists.The latest official data shows that British annual consumer price inflation (CPI) eased to 3.2% in June – down from 3.5% in May – however, [...]
More: MPC member continues his argument for higher interest rates