Bank of England Officials Hint at Rate Rise
Two Bank of England officials suggested they may soon vote to raise borrowing costs as lingering energy prices increase inflation risks. Deputy Governors Clare Lombardelli and Sarah Breeden pointed to persistent economic pressures.
Two senior Bank of England rate-setters signaled on Thursday an increasing openness to raising borrowing costs as persistent energy pressures threaten to embed high inflation. Deputy Governors Clare Lombardelli and Sarah Breeden indicated their stance is shifting after voting to maintain the benchmark rate at 3.75% during the previous week.
