LONDON (Reuters) – British finance minister Jeremy Hunt said the Bank of England had his full support after the central bank raised interest rates for the 13th time in a row on Thursday to try to tackle high inflation.
“The Bank of England has my full support as you take action to return inflation to … target through your independent monetary policy decisions,” Hunt said in a letter to BoE Governor Andrew Bailey.
Hunt also said that “tackling inflation relentlessly must be the immediate priority”.
(Reporting by Muvija M; Writing by William Schomberg, editing by Elizabeth Piper)
