LONDON (Reuters) – A new cap on U.K. household energy bills touted by new Prime Minister Liz Truss is likely to lower the inflation path, relative to the BoE’s August rate, BoE chief economist Hugh Peele said on Wednesday. published forecasts.
“On the net network of headline inflation effects in the near term, I would expect it to decline,” Peele told lawmakers.
Pill said the impact on monetary policy was unclear.
