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JPMorgan Claverhouse: Bank of England has to talk tough but UK companies are not yet facing an inflation shock
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JPMorgan Claverhouse: Bank of England has to talk tough but UK companies are not yet facing an inflation shock
JPMorgan Claverhouse (JCH) fund manager Anthony Lynch believes Bank of England governor Andrew Bailey is talking tough on inflation but that policy makers at Threadneedle Street are unlikely to hike interest rates to over 5% as he warned they might last week. Speaking on QuotedData’s “In The Hot Seat” show, Lynch said the Bank’s worst-case scenario of inflation hitting 6% as a result of a sustained oil price shock if the Strait of Hormuz does no…
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