A strategy paper highlights several low-cost options
Soaring energy prices were the primary source of rising prices
Wages also rose sharply in December, with average hourly pay jumping 4.7%
Energy costs jumped 26%, Eurostat reports, while food price increases also contributed to European inflation
Oil prices and consumer goods demand are among the variables that will affect inflation this year, bank economists suggest
December minutes show policymakers suggested they could hike three times this year
Surging prices are haunting consumers and confounding economic planners
The BoE is the first central bank in a major economy to raise interest rates since the pandemic began
The central bank has grown uncomfortable with hot inflation readings
The accelerated timetable puts the Fed on a path to start raising rates in the first half of next year