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BoE Chief Economist Peel Votes to Raise Rates to 4%, Warns Inflation Above 2% Target

2026-06-29 06:45:02

According to Jin10 Data, on June 29, Bank of England Chief Economist Huw Peel voted to support raising interest rates to 4% in recent meetings, citing concerns that inflation remains elevated above the central bank's 2% target. Peel warned that policymakers "should not be complacent" about the current inflation situation, as energy price increases driven by Middle East tensions pose risks of further inflation. He emphasized that inflation above target should still be treated as a problem, noting that the central bank's mission is to maintain inflation at 2%.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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