UK interest rate rise in 2022 becoming more likely, says Bank chief - short news
Andrew Bailey says inflationary pressures strengthen the case but ‘we are monitoring situation closely’
The inflationary pressures building in the UK has made a rise in interest rates next year more likely, the central bank chief has warned.
Against a backdrop of rising fuel prices and the prospect of higher transport costs pushing up the price of food in the run-up to Christmas, the Bank of England’s governor said there were signs that inflation could be sustained and the..
source: The Guardian - 27.09.2021