UK inflation to hit 3.9% in early 2022, NIESR forecasts By Reuters
LONDON (Reuters) - British consumer price inflation will reach 3.9% early next year, almost double the Bank of England's target, but should fall back to 2% the year after if the BoE begins to raise interest rates, a leading think tank forecast on Monday. The National Institute of Economic and Social Research (NIESR) also revised up its growth forecast for 2021 by 1.1 percentage points to 6.8% - broadly in with the most recent forecasts from the BoE and the International Monetary Fund. After suffering its biggest economic slump in over 300 years in 2020 due...
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