Ex-Bank economists parry fears of wage-price spiral

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The surge in British headline inflation is temporary and the Bank of England should maintain rates at all-time lows as a result, a team of former Bank economists on Wednesday argued.

In their latest quarterly report on monetary policy, the former Bank economists at Fathom Consulting argued that though inflation was likely to hit almost 4% in February and had long been above the Bank's 2% target, the price pressures could be considered temporary.

In an argument that owed much to a recent speech b

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