IoD: The real fear is that inflation becomes embedded in routine business decisions
Commenting on the decision by the Bank of England not to raise interest rates from a historic low of 0.1%, Kitty Ussher Chief Economist at the Institute of Directors, said: “Transitory inflation as the economy reopens is one thing, but the real fear is that inflation will become embedded in routine business decisions. “With the vast majority (86%) of Institute of Directors members now expecting…