Business · 4 hours ago

Bank of England's Bailey Says Inflation Pressures Subdued as Rate Rise Looms

Eluveitie via Wikimedia Commons (CC-BY-SA-3.0)

Bank of England Governor Andrew Bailey said the effects of soaring energy prices on wider British prices have been limited so far, calling second-round price pressures quite subdued. He warned it is too early to draw firm conclusions. Most economists now expect the Bank to start raising interest rates next month, after holding its main rate at 3.75% since the US-Iran war began in February.

By BriefTea Editorial · 16 October 2026 at 9:23

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