Why Bank kept interest rates on hold despite message for UK to brace itself for Trumpflation

The reasons are hardly comforting, pointing to the weakness of a battered economy in the face of this latest crisis• Business live – latest updates• Bank warns ‘higher inflation unavoidable’ after leaving interest rates on holdThe message to the UK’s crisis-weary households from the Bank of England is: brace yourself for Trumpflation – and the higher interest rates it may yet take to rein it in.Reading the Bank’s quarterly monetary policy report, it is not difficult to understand the fury Rachel...