Business confidence fell to its lowest level on record in September, driven by concerns over soaring costs, according to a survey of bosses. Clare Lombardelli, a deputy governor at the Bank, said central bankers should be careful about assuming inflation shocks are temporary. Mann, who was speaking at a Financial Times event, and Lombardelli, who was attending a conference in Finland, voted against the BoE’s most recent interest rate cut in August. For more information about how we use your data see our Privacy Policy . We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply.