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News 2026-09-24 08:41 UTC
(Adds details from Lombardelli's speech, financial market pricing) Sept 24 (Reuters) — Bank of England Deputy Governor Clare Lombardelli said on Thursday that interest rates will likely have to rise if energy prices stay elevated, unless there is clear evidence of a weaker economy. Lombardelli, deputy governor in charg
News 2026-09-24 08:15 UTC
By Paul HannonThe need for a rate rise by the Bank of England will grow if energy prices remain high, unless the economy weakens, Deputy Governor Clare Lombardelli said Thursday.The central bank last week left its key interest rate unchanged, diverging from its peers, which have all lifted borrowin…
News 2026-09-24 08:11 UTC
Sept 24 (Reuters) — Bank of England Deputy Governor Clare Lombardelli said on Thursday that interest rates will likely have to rise if energy prices stay elevated, unless there is clear evidence of a weaker economy. "The longer higher energy prices persist, the greater the risk that indirect effects build and that infl