BoE's Bailey Highlights Limited Energy Price Impact, Inflation Risks
Bank of England Governor Andrew Bailey stated that rising energy prices have so far had limited broader inflationary effects. However, he warned that second-round inflationary pressures remain uncertain. With inflation at 3.1%, above the 2% target, policymakers are considering interest rate hikes amid concerns over economic resilience, rising borrowing costs, and geopolitical uncertainty.
ET Markets·


