Reposted by @peterbeal.bsky.social
Bank of England (BOE) governor says soaring energy prices could trigger interest rate rise.
BOE will deplete business/household incomes by hiking costs. Force people to hand wealth to banks, boost their profits
How about curbing profiteering, supply-chain problems, taxing those with surplus cash?
lbc.co.uk
Bailey's warning: Bank of England governor says soaring energy prices could trigger interest rate rise | LBC
The Bank has predicted that inflation will increase to around 3.7 per cent in the fourth quarter of this year and 4.2 per cent in the first quarter of 2027.