
Why Bank kept interest rates on hold despite message for UK to brace itself for Trumpflation
The reasons are hardly comforting, pointing to the weakness of a battered economy in the face of this latest crisis Business live – latest updates Bank warns ‘higher inflation unavoidable’ after leaving interest rates on hold The message to the UK’s crisis-weary households from the Bank of England is: brace yourself for Trumpflation – and the higher interest rates it may yet take to rein it in. Reading the Bank’s quarterly monetary policy report, it is not difficult to understand the fury Rac











