Bank of England sounds inflation alarm as it holds interest rates
https://economictimes.indiatimes.com/markets/us-stocks/news/bank-of-england-sounds-inflation-alarm-as-it-holds-interest-rates/articleshow/134312531.cms
The Bank of England has decided to hold interest rates steady at 3.75 percent and is currently halting gilt sales. With inflation risks escalating, there are concerns prices may exceed four percent next year. Governor Andrew Bailey indicated that ongoing conflict might require a shift towards tighter monetary measures. Interestingly, three members of the Monetary Policy Committee pushed for a rate hike.
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