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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 charge of monetary policy, last week said the case for an increase in in…
(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
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