IMF warns Bank of England not to be too slow to raise interest rates

December 15, 2021 3:29 PM

LONDON (REUTERS) – The International Monetary Fund urged the Bank of England on Tuesday to avoid an “inaction bias”when it comes to raising interest rates as it forecast British inflation would hit a 30-year high of around 5.5 per cent next year.

Source : http://www.straitstimes.com/business/economy/imf-warns-bank-of-england-not-to-be-too-slow-to-raise-interest-rates