Global Market: BoE's Lombardelli says rates may need to rise if energy prices stay high
60-Word AI Digest
Bank of England Deputy Governor Clare Lombardelli said UK interest rates may need to rise if elevated energy prices persist and fuel broader inflation through wages, expectations and corporate pricing, unless economic activity shows clear signs of weakening.
Key Takeaways
- Global Market: BoE's Lombardelli says rates may need to rise if energy prices stay high
- Bank of England Deputy Governor Clare Lombardelli said UK interest rates may need to rise if elevated energy prices persist and fuel broader inflation through wages, expectations and corporate pricing, unless economic activity shows clear signs of weakening.
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Bank of England Deputy Governor Clare Lombardelli said UK interest rates may need to rise if elevated energy prices persist and fuel broader inflation through wages, expectations and corporate pricing, unless economic activity shows clear signs of weakening.
Original Publisher Attribution
This summary was curated from Economic Times.