Ex-official says policymakers must shrink the UK economy to limit upward pressure on prices made worse by Brexit
Britain’s central bank policymakers are “duty bound” when they meet this week toAdam Posen, who runs Washington-based thinktank the Peterson Institute, said that whilewould not want workers to lose their jobs, it should hike interest rates now to squeeze out inflationary pressures made worse by Brexit trade and immigration restrictions.
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