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[BUSINESS] · United Kingdom · 20 sources

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Part of situation: Bank of England monetary policy developments (15 clusters)

Bank of England officials warn high energy prices may force rate hikes

Bank of England interest rates energy prices inflation monetary policy

Bank of England officials have warned that persistently high energy prices could force the central bank to tighten monetary policy. Governor Andrew Bailey stated that maintaining current interest rates will become increasingly difficult the longer energy costs remain elevated.

Deputy Governors Clare Lombardelli and Sarah Breeden also signaled a potential shift toward supporting higher borrowing costs. They cautioned that prolonged energy shocks risk creating indirect inflationary pressures through wage bargaining, inflation expectations, and business price-setting behaviors.

The Bank of England recently held the benchmark interest rate at 3.75% following a 6-3 split vote within the Monetary Policy Committee. However, the institution has projected that inflation could rise to approximately 3.75% in the fourth quarter of 2026 and exceed 4% in the first quarter of 2027. This outlook is compounded by rising energy costs, including an expected increase in the energy-price cap to £1,723 for the October-December period.

Entities

Andrew Bailey · Bank of England · Clare Lombardelli · Monetary Policy Committee · Ofgem · Sarah Breeden

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Αχαΐα: Η ακρίβεια «καίει» νοικοκυριά και επιχειρήσεις - Οι εκτιμήσεις των αρμοδίων για το «ράλι» των τιμών στο Patrapress | Ειδήσεις [patrapress.gr]
Γερμανία: «Tankrabatt» από 1η Οκτωβρίου για τη μείωση των τιμών στα καύσιμα | e-enimerosi. com [e-enimerosi.com]
ECB’s Vujcic warns energy shock could keep inflation hot [www.europesays.com]
«Καμπανάκια» για την ελληνική οικονομία: Σε κίνδυνο ιδιωτική κατανάλωση και εξαγωγές λόγω του πληθωρισμού | in. gr [www.in.gr]
Βρετανία: Η Τράπεζα της Αγγλίας προετοιμάζει στροφή σε αυστηρότερη πολιτική [www.sbctv.gr]
H Γερμανία μείωσε τη φορολογία στα καύσιμα, ο Μητσοτάκης ζητά «ευρωπαϊκή ευελιξία» [www.reporter.gr]
Καύσιμα: Στις 30 Σεπτεμβρίου τα μέτρα για ντίζελ, στις 14 Οκτωβρίου η στήριξη για θέρμανση | Γαργαλιάνοι Online - Οι ειδήσεις και τα νέα της Τριφυλιας, της Μεσσηνίας και της Πελοποννήσου στην ώρα τους! [www.gargalianoionline.gr]
Bailey Warns High Energy Prices Could Prompt Bank of England Hike | TokenPost [www.tokenpost.com]
Στα €2 το diesel, στα ύψη η πίεση στην κοινωνία [dialogos.com.cy]
Fed's Hammack: High inflation complicates economic planning [cryptobriefing.com]
Bank of England warns interest rate hold will be 'harder to maintain' as energy prices spike [www.gbnews.com]
Καύσιμα: Σε δύο δόσεις τα μέτρα με «οδηγό» τις διεθνείς τιμές - ΤΑ ΝΕΑ [www.tanea.gr]
BoE’s Bailey Says Persistent Energy Prices Could Force Higher Rates [www.actionforex.com]
Bank deputy says rate rise ‘increasingly likely’ if energy prices stay high [nation.cymru]
Interest rate may increase as Bank of England officials warn of inflation risks [tribuneonlineng.com]
Tiff Macklem Warns Inflation Will Stay Elevated: 3 Stocks to Watch [www.fool.ca]
Bank of England rate setters warn of 'sparks in the tinderbox' [arynews.tv]
Τράπεζα της Αγγλίας: Σήμα για νέα αύξηση επιτοκίων τον Νοέμβριο δίνουν 2 Υποδιοικήτριες [www.mononews.gr]
Bank deputy says rate rise ‘increasingly likely’ if energy prices stay high [www.standard.co.uk]
Bank deputy says rate rise ‘increasingly likely’ if energy prices stay high [www.independent.co.uk]