Bank warns interest rates will rise again if firms hike prices

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 …

Interest rates will have to rise further if companies keep putting up prices, warns Bailey

Bank of England governor warns businesses risk fuelling inflation

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%.

Interest Rates Will Rise Further If Firms Raise Prices, Bank of England Boss Warns

The Bank of England will have to put up interest rates even further if companies raise prices in a bid to beat inflation, the bank’s governor has warned. The central bank said on Thursday that its Monetary Policy Committee (MPC) voted by a majority of 7–2 to increase the bank rate by 0.25 percentage points to 4.25 percent. It was the 11th time in a row the Bank has hiked interest rates. If followed a surprise rise in UK inflation in February, wi…

Bank of England warns more price rises will spark higher interest rates

Governor of BoE has cautioned companies that increasing prices will also heighten inflation

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 …