Bank of England Deputy ‘Surprised How Well’ Economy Absorbed Energy Price Shock

Bank of England deputy ‘surprised how well’ economy absorbed energy price shock

The gross domestic product increased by 0.1% in August, following 0.4% growth in July, according to official statistics.

BoE's Sarah Breeden: Surprised how well the UK economy has absorbed the energy price shock

Sarah Breeden, Deputy Governor for Financial Stability at the Bank of England, speaks to CNBC's Sri Jegarajah at the IMF meetings in Bangkok

Sarah Breeden Says UK Economy Has Absorbed Recent Energy Shocks

The Bank of England deputy governor said a prolonged shock could revive inflation pressure and require higher rates.

BOE's Breeden surprised by UK economy's resilience to energy shocks

The UK's economic resilience to energy shocks may lead to a cautious BoE rate approach, but inflation risks still necessitate vigilance.