'Its new chief economist, Huw Pill, later said markets should not expect detailed guidance on policy action.''LONDON, Jan 24 (Reuters) - Britain's central bank looks on course to raise interest rates next week for the second time in less than two months, reversing more of its COVID-19 pandemic stimulus, after inflation jumped to its highest in nearly 30 years.
Inflation has risen sharply across advanced economies, driven by higher energy prices and supply-chain difficulties. But the Bank of England has moved faster than other big central banks because of fears that costly energy and a tight labour market could see price pressures become entrenched.
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..Its new chief economist, Huw Pill, later said markets should not expect detailed guidance on policy action.'
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Bank of England on track for second rate rise in under two months, January 24, 2022
Context'QE was specifically meant to lift stock prices..' - Bernanke - '..financial markets are hooked on the Fed’s drug infusions.'