BoE's Dhingra warns of deeper and longer recession with higher rates
Reuters
Published Dec 03, 2022 16:21
LONDON (Reuters) - Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and longer recession, adding there were few signs that demands for higher wages risked a wage-price spiral.
"You do see a much deeper and a longer recession with rates being much higher," she told the Observer newspaper. "That is what I think we should all be worried about ... are we going to end up lengthening and deepening the recession if the tightening continues at the pace it is?"
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Written By: Reuters
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