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stagflation has been. after announcing the single biggest great ride since 1995, interest rates now at 1.75%, the governor told us the recession later this year will be long, and as long as the one we endured through the financial crisis, as deep as that in the 19905. crisis, as deep as that in the 1990s. on top of that, they forecast the average household energy bill will be three times what it was a year ago, will be three times what it was a yearago, by will be three times what it was a year ago, by october, atjust under £300 a month. here s the governor of the bank of england, andrew bailey. through energy prices. we ve got to be blunt about this, it s coming from the actions of russia. gas prices since may is a big impact, gas prices since may is a big impact, as gas prices since may is a big impact, as what off gem announced this morning. i m afraid it s passing this morning. i m afraid it s passing directly into inflation and it will passing directly into inflat ....