UK Chancellor Hunt: The bank took action in line with their goal of returning inflation to target
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Responding to the Bank of England (BoE) policy decision, UK Chancellor Jeremy Hunt said, “today, the bank took action in line with their goal of returning inflation to target.”
“The government’s number one priority is to grip inflation.”
“There are no easy options and we will need to take difficult decisions on tax and spending.”
GBP/USD is licking its wounds around 1.1240, down 1.32% on the day. All eyes remain on Governor Andrew Bailey’s press conference.
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