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Net Zero Policies May Fuel Inflation, Warns Bank Official

9/26/2025

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Summary

Story summary

Bank of England official warns net zero policies could raise inflation for two to three years.
Megan Greene, Monetary Policy Committee (MPC) member, says carbon pricing will raise energy costs for households and businesses.
Bank of England research says net zero will reduce output and raise inflation.
Inflation is 3.8% and projected to stay high through end-2028, 4% in September.

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Story summary

Bank of England official warns net zero policies could raise inflation for two to three years.
Megan Greene, Monetary Policy Committee (MPC) member, says carbon pricing will raise energy costs for households and businesses.
Bank of England research says net zero will reduce output and raise inflation.
Inflation is 3.8% and projected to stay high through end-2028, 4% in September.