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Bank of England Officials Split on Rate Path as Energy Shock Lifts Inflation

Bank of England officials are divided over how to respond to the inflation risk from a Middle East energy shock, with Governor Andrew Bailey saying it has pushed rate cuts off the table while some officials appear to favor rate hikes.

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Oct 15, 8:12 PM ft.com ‘Early days’ to see full effect of energy prices on inflation, BoE’s Bailey says
Oct 15, 8:12 PM bloomberg.com BOE Chief Says Energy Shock Delays 2% Inflation Target
Oct 15, 2:26 AM bloomberg.com Bank of England Officials Divide Over Inflation Risk Facing UK