Two senior Bank of England interest rate-setters indicated on Thursday that they were moving closer to supporting an increase in borrowing costs, as persistently elevated energy prices heightened concerns that inflation could remain above target for longer.
Deputy Governors Clare Lombardelli and Sarah Breeden, who both backed keeping the BoE's benchmark interest rate at 3.75% last week, said they were reassessing their positions as the energy shock continued to feed through the economy.
