A senior Bank of England official has warned that an interest rate increase is becoming more probable if energy prices remain elevated, as inflation climbed to a five-month high of 3.1% and is forecast to reach around 3.7% by the fourth quarter.
Bank of England Deputy Signals Rate Rise 'Increasingly Likely' If Energy Prices Stay High
A senior Bank of England official has warned that an interest rate increase is becoming more probable if energy prices remain elevated, as inflation climbed to a five-month high of 3.1% and is forecast to reach around 3.7% by the fourth quarter.
This item was produced with AI assistance under the editorial responsibility of Haydamax OÜ.
Monitoring item. The full text is not distributed. Extract and source below.