BoE Lombardelli Hints at More Rate Hikes
Bank of England Deputy Governor Clare Lombardelli warned that persistent inflation conditions in Britain are crystallising. She signaled that further interest rate increases may be necessary in the near term.
Bank of England Deputy Governor Clare Lombardelli signaled a potential interest rate rise on Tuesday after warning that persistent inflationary conditions are crystallising. The central bank official pointed to sticky price pressures following last week's policy move. The warning reinforces expectations that monetary authorities may tighten further to combat stubborn domestic inflation.
