Central Banks
BOE Governor Says UK Interest Rates May Have to Rise Again
- Andrew Bailey sees upside risks from food and energy prices
- Remarks push back on market view rates will fall next year
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Bank of England Governor Andrew Bailey warned the central bank may have to raise interest rates again and that food and energy costs remain an upside risk to the inflation outlook.
Bailey said the central bank’s policy makers are “on watch for further signs of inflation persistence that may require interest rates to rise again,” according to a text of a speech he delivered to the National Farmers’ Union on Monday.