High interest rates may persist, says Bank of England governor
by Phillip Inman from on (#6CJCR)
Andrew Bailey says financial markets expect more rate rises amid continuing high inflation
The Bank of England governor, Andrew Bailey, has hinted that interest rates may stay high for longer than expected amid stubbornly high inflation.
Speaking at the annual conference of the European Central Bank, Bailey said it was clear financial markets expected several more interest rate rises.
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