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Evening Standard
Evening Standard
World
Daniel Keane

Interest rate rises could be higher than expected next month, warns Andrew Bailey

Andrew Bailey Bank of England Jeremy Hunt Kwasi Kwarteng Inflation

Andrew Bailey has suggested that interest rate rises could be higher than expected next month as the Bank of England attempts to curb inflation.

In a speech given in Washington DC on Saturday morning, the Bank of England Governor warned that inflationary pressures would require “a stronger response” than the central bank had previously thought.

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