Bank of England Official Says Oil Crisis Clouds Rate Outlook

“The case for hiking rates grows”, says Bank of England policymaker during Derbyshire speech

The discussion comes amid renewed concern over global energy markets

Bank of England Official Says Oil Crisis Clouds Rate Outlook

The Bank of England may know where inflation is headed, but it has a much harder time knowing where oil—and interest rates—are headed. That was the message from Bank of England policymaker Swati Dhingra on Friday, as the ongoing Middle East energy crisis continues to complicate the outlook for interest rates. "If you ask me what's my interest rate decision next month going to look like or in the future, I think that's very hard to say, because t…