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Interest rate rise unlikely before Christmas, says Bank policymaker

1 month ago   |   By The Guardian

Silvana Tenreyro predicts spike in prices in next few months will probably prove to be short-lived An interest rate rise before Christmas is unlikely despite rising energy prices and supply shortages that are expected to push inflation towards 5% , according to Bank of England policymaker Silvana Tenreyro. Setting herself against colleagues Michael Saunders and governor Andrew Bailey , who have warned in recent weeks that inflationary pressures could warrant a rapid response by the central bank, Tenreyro said it was unclear whether a rise in the cost of borrowing before Christmas would...
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