Fitch Economist Says BOE Could Not Ignore Energy Prices
Fitch Ratings economist Jessica Hinds says prolonged higher energy prices could affect other prices and wages. The Bank of England raised its interest rate to 4.0%, while acknowledging limited evidence of those effects.
Bank of England rate setters could no longer ignore the potential impact of the prolonged period of higher energy prices on other prices and wages, Fitch Ratings economist Jessica Hinds says. However, the interest-rate hike to 4.0% comes even as they acknowledged that there was limited evidence of…