One of the Bank of England’s most hawkish officials cast doubt on market pricing that suggests the UK central bank will hike interest rates four times by next summer.
The impact of the shock on energy costs resulting from the conflict between the United States and Iran on general inflation in the United Kingdom has been limited so far, but it is becoming increasingly difficult to avoid its effects, said the President of the Bank of England (BoE), Andrew Bailey, in Bangkok, where he participates in the annual meetings of the International Monetary Fund (IMF) and the World Bank. Exclusive material for subscribe…