Bank of England May Have to Move Faster to Curb Worst Inflation in Decade

(Bloomberg) -- The Bank of England, which left
interest rates unchanged yesterday, may have to move faster to
curb the U.K.'s worst bout of inflation in a decade.

Manufacturers' optimism about their pricing power rose to a
12-year high in May, retailers are confident they can push
through their biggest price increases since 1998 and gains in
consumer prices have exceeded the bank's 2 percent target for the
past year. That's fanning concern that inflation is becoming
entrenched in the economy even after four rate increases in the
past year.


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