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Ekonomické zprávy
15.11.2021

BoE's MPC member Saunders: Likelihood of general pick-up in inflation is solid enough to justify raising rates now

- Thinks inflation will overshoot if policy is not tightened

- Says risk of delaying too long on hiking rates is that they will have to go up a little faster and further

- BoE would not want to see household inflation expectations rising from here

- Sees no risk of wage-price spiral

- Says inflation is not expected not return to the same level as in 1970s

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