Interest rates hold expected but Bank of England facing tough choices
Forecasts of further rises in the inflation rate mean some analysts expect the Bank to act by the end of the year.
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"If we get a continuation of this conflict going on and oil prices stay above $100 a barrel... the odds are that interest rates will have to go up higher."
— Andrew Bailey , Executive
"The inflation dragon has not been fully slain."
— Andrew Montlake , Executive
"It's almost impossible to time things just right, so I would urge households to focus on what's best for them now, in the medium term and in the longer term."
— Harriet Guevara , Executive
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Forecasts of further rises in the inflation rate mean some analysts expect the Bank to act by the end of the year.
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