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MNI INTERVIEW (RPT): Posen Sees UK Recession As BOE Tightens

(MNI) Washington

The Bank of England needs to hike at least 300 bps more, says ex-MPC member Posen

(Repeats article first published on June 14)

The Bank of England will have to raise interest rates more than expected, likely pushing the UK into recession, as global price pressures are compounded by the inflationary effects of Brexit, former Monetary Policy Committee member Adam Posen told MNI.

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(Repeats article first published on June 14)

The Bank of England will have to raise interest rates more than expected, likely pushing the UK into recession, as global price pressures are compounded by the inflationary effects of Brexit, former Monetary Policy Committee member Adam Posen told MNI.

Keep reading...Show less