A post by @FirstSquawk on X.
BAILEY SAYS IF ENERGY PRICES REMAIN HIGH, ANOTHER HIKE POSSIBLE
@FirstSquawk on X
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Bank of England Governor Andrew Bailey said another interest-rate hike is possible if energy prices stay elevated, according to a First Squawk tweet. The remark signals the central bank is not ruling out further tightening even as it weighs the inflationary impact of sustained high energy costs. It matters because energy-driven inflation could keep the BoE from pivoting to rate cuts, shaping borrowing costs and sterling. Traders will watch upcoming energy price data and BoE commentary for signals on the rate path.
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Andrew Bailey, Bank of England