World & BusinessBailey warns rate rises will get harder to resist the longer oil and gas costs stay high
Bloomberg reports that the Bank of England governor’s warning focused on the persistence of high energy costs.
TLDR
Bank of England Governor Andrew Bailey warned that it will become harder to resist pressure to raise interest rates the longer high oil and gas costs persist, Bloomberg reports.
Bailey warns rate rises will get harder to resist the longer oil and gas costs stay high
Bloomberg reports that the Bank of England governor’s warning focused on the persistence of high energy costs.
TLDR
Bank of England Governor Andrew Bailey warned that it will become harder to resist pressure to raise interest rates the longer high oil and gas costs persist, Bloomberg reports.