Business · 25 September 2026
BoE Governor: High energy costs make interest rate decisions 'harder'
Office of U.S. Ambassador to U.K. via Wikimedia Commons (Public domain)
Bank of England Governor Andrew Bailey said on Friday that staying put on interest rates gets harder the longer energy costs stay high. Speaking at a conference in Oxford, he noted that the central bank cannot afford to wait for complete proof on how these prices affect inflation expectations. Although current signs remain subdued, the pressure is mounting on monetary policy decisions.
Reported by Reuters · How we write briefs