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(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
No Signs So Far 2nd-Round Effects Are Large Wage Growth Remains Too High To Be Consistent With Inflation Target I'm No Means Suggesting That Monetary Policy Should Respond Mechanically To Movements In Energy Prices Monetary Policy Still Restrictive, Balancing Lower Inflation With Risks Of Lower Demand Key Issue Is Not
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
BoE's Lombardelli: Policy is increasingly likely to need to tighten if elevated energy prices persist, absent clear evidence of disinflation or weaker activity.