Published 1 year ago

Bank warns interest rates will rise again if firms hike prices

Summary by Ground News

Bank of England Governor Andrew Bailey said businesses should consider official forecasts showing inflation will fall this year. Bailey said he did not have any evidence that companies were putting prices up more than necessary. Britain's central bank raised its main interest rate to 4.25% on Thursday from 4%.

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BBC News

Bank warns interest rates will rise again if firms hike prices

The Bank of England boss urges firms to avoid price rises that fuel inflation and hurt the least well off.

1 year ago·United Kingdom

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The Guardian

Bank of England warns of more interest rate hikes if firms raise prices; bank shares fall – live

Andrew Bailey appeals to businesses to avoid price rises because higher inflation ‘hurts least well-off in society;’ stocks fall as fears of banking crisis lingerStock markets are in the red again, with the FTSE 100 index down 67 points, or 0.9%, at 7,431, dragged down by banks NatWest Group, Barclays, Standard Chartered and the insurer Prudential, as concerns over the banking sector persist.Germany’s Dax has lost 133 points, or 0.9%, to 15,076 …

1 year ago·London, United Kingdom

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The Independent

Bank of England warns interest rates will rise again if businesses hike prices

Bank of England’s Andrew Bailey speaks after increasing rates to highest level in 14 years

1 year ago·London, United Kingdom

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Reuters

BoE's Bailey urges firms to assume lower inflation when setting prices

British businesses should consider official forecasts showing inflation will fall this year when setting their prices, Bank of England Governor Andrew Bailey said on Friday.

1 year ago·United Kingdom

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Daily Mirror

Bank of England warns firms hiking prices could lead to higher interest rates

His comments follow a surprise increase in inflation earlier this week and the Bank of England's decision to raise interest rates - the 11th rise in a row - from 4% to 4.25%.

1 year ago·London, United Kingdom

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The Sun

Bank of England warns firms that price hikes will mean higher interest rates

COMPANIES have been told by the Governor of the Bank of England that if they continue to hike prices interest rates will have to go up. Inflation rose again last month, largely caused by record price increases on everyday goods and services. EPACompanies have been told by the Governor of the Bank of England that if they continue to hike prices interest rates will have to go up[/caption] Big food producers like Mars, Magnum maker Unilever, Heinz …

1 year ago·United Kingdom

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