Financial Mirror
The Bank of England needs to be honest and flag the risk of stagflation in the UK – not just “unavoidable” higher inflation – the CEO of a leading independent financial advisory and asset management organisation has warned. “The narrative coming out of the Bank of England appears to be incomplete,” said Nigel Green of deVere Group, which has $14 bln under advisement. The BoE held interest rates at 3.75% on Thursday while signalling that inflation will rise again this year due to escalating geopolitical tensions in the Middle East and surging energy prices. “The UK faces a credible risk The post Bank of England ‘must be honest’ on UK stagflation risk appeared first on Financial Mirror .
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