City is 'paying too much attention' to inflation data, says bank governor
The Bank of England governor Andrew Bailey further confused the City on the future path of interest rates.
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The Bank of England governor Andrew Bailey further confused the City on the future path of interest rates.
Four members of the Bank's MPC agreed that there were clear risks that inflation could remain elevated despite the sharp fall in October.
The Bank of England (BoE) is set to raise interest rates again next week by 25 basis points. A dovish hike however may leave Sterling vulnerable to further losses.
The Bank of England may need to raise interest rates more than once from their current level of 4.5% to bring inflation under control
Markets believe the Bank of England has much more rate-rising to do than the Fed now if prices are to be held in check