Ten Things You Need to Know Today: 25 June 2021

The Week’s daily digest of the news agenda, published at 8am

1. Bank shrugs off inflation fears

The Bank of England has forecast a temporary surge in inflation above 3% - but insisted the increase would be short-lived and will not cause problems. Despite growing fears that ultra-low interest rates are creating conditions for the next economic crisis, policymakers voted against combatting the rise by hiking interest rates, which will remain at their record-low level of 0.1%. Economists say the Covid emergency is now over.

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