Bank of England Deputy Governor Dave Ramsden has highlighted energy prices as a key focus in the central bank’s current economic assessment, alongside domestic food prices and wage settlements. The Bank of England maintained its Bank Rate at 3.75%, keeping a restrictive monetary policy stance. The Monetary Policy Committee’s recent minutes indicate concerns over second-round effects from these inflation drivers. Market pricing implies a lower likelihood of a 25 bps rate cut in November, given the emphasis on inflationary pressures.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
