Bank of England’s inflation response ‘risks higher interest rates for longer’

Tape desk, TradeNews BD (2026-11-11): Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economyThe Bank of England is risking higher interest… Primary source: original at The Guardian (theguardian.com).

November 11, 2026 12:01 AM GMT · The Guardian

Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economy

The Bank of England is risking higher interest rates for longer after a hesitant response to rising inflation, according to leading thinktank.

In a searing critique of the central bank’s tactics, the National Institute of Economic and Social Research (Niesr) said a timid increase in interest rates last week was likely to mean inflation staying above the Bank’s 2% target until at least 2030.