BOE's outgoing policymaker warns on inflation as price growth outlook worsens

London

BANK of England policymaker Kristin Forbes has a message for her colleagues as her term ends: Don't leave it too late to rein in consumer prices.

"For a period now, we have been underestimating the inflationary pressures. I wouldn't be surprised if we continued to do that," she said on Monday. Rising domestic cost pressure "does suggest there's a cost to waiting".

US-born Forbes…