Gieve says more to be done to hit inflation target

For the seond time in as many weeks, John Gieve, the deputy governor of the Bank of England, suggested that the central bank's Monetary Policy Committee (MPC) has not done enough to bring inflation back to its 2% target.

In an interview with the Nottingham Evening Post newspaper Gieve said, "The issue for me is have we done enough to bring inflation back on a sustained level of 2% in the long term."

"We have seen inflation well above target for most of the last year. It is now coming back quite

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