
BoE may raise rates if high energy prices fuel inflation, Lombardelli warns
Bank of England deputy governor Clare Lombardelli said interest rates would probably need to rise if elevated energy prices kept inflationary pressures persistent. She said the size and duration of the energy shock remained materially uncertain.
- The Bank of England may raise rates if high energy prices keep inflation persistent.
- The US 30-year Treasury yield reached 5.4583%, its highest level in 22 years.


