A post by @FirstSquawk on X.
BOE'S LOMBARDELLI: LIKELY TO BE A CASE FOR MORE HIKES IN THE NEAR TERM
@FirstSquawk on X
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Bank of England policy maker Lombardelli said more interest-rate hikes are likely warranted in the near term, signaling the central bank may extend its tightening cycle. The remark points to persistent inflation concerns among BOE officials even as borrowing costs sit at elevated levels. Traders will watch upcoming UK inflation and labor-market data, along with the BOE's next policy meeting, for confirmation of whether another hike follows.
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Lombardelli, Bank of England