Bank of England sounds warning of interest rate hikes ahead

Bank of England sounds warning of interest rate hikes ahead
By: Sky Business Posted On: April 30, 2026 View: 2

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Inflation could rise to 6.2% next year, with interest rates peaking at 5.25%, in the event of a prolonged energy shock with oil prices remaining above $130-a-barrel, according to a worst-case scenario modelled by the Bank of England.

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