The governor of the Bank of England has said a half-point increase in interest rates is “on the table” for next month as Threadneedle Street considers toughening its anti-inflation stance.
On the eve of official figures that are expected to show the annual increase in the cost of living edging closer to 10%, Andrew Bailey told an audience in the City that the Bank’s monetary policy committee (MPC) was considering ditching its policy of increasing rates in quarter-point steps.
