UK inflation likely to exceed 5% in 2022, says Bank of England

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UK inflation likely to exceed 5% in 2022, says Bank of England
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Monetary policy chief Ben Broadbent says pressures will include rise in energy price cap

’s monetary policy chief has warned that inflation is likely to soar “comfortably” above 5% next year when the energy regulator Ofgem raises a price cap affecting millions of households.

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