Bank of England sounds warning of interest rate hikes ahead
Inflation could rise to 6.2% next year, with interest rates peaking at 5.25%, in the event of a prolonged energy shock with oil prices remaining above $130-a-barrel, according to a worst-case scenario modelled by the Bank of England.
Image: Sky News Business
Inflation could rise to 6.2% next year, with interest rates peaking at 5.25%, in the event of a prolonged energy shock with oil prices remaining above $130-a-barrel, according to a worst-case scenario modelled by the Bank of England.
Originally published at Sky News Business
