A post by @FirstSquawk on X.

The Bank of England said there is still limited evidence that higher energy prices have fed through into second-round inflation effects. The assessment suggests the central bank sees little sign, so far, that energy-driven cost increases are becoming embedded in wage and price setting. That matters because the presence or absence of such knock-on effects shapes how much further tightening may be needed. Investors will watch upcoming wage and services inflation data for signs that pass-through is building.