Bank of England Warns of Risk of Higher Inflation Driven by Rising Oil Price

Bank of England warns of risk of higher inflation driven by rising oil price

Oil prices are edging towards USD$100 a barrel amid the conflict between the US and Iran.

Energy prices could soar even higher, Bank of England boss admits

Andrew Bailey told MPs that energy prices ‘could be higher still’ as disruption in the Strait of Hormuz continues

Bank of England governor warns oil price ‘could be higher’; UK flights disrupted by technical issue – business live

UK borrowing costs jumped at debt auction today, as MPs quiz the Bank of England about inflation risks Gas prices are rising this morning, putting pressure on European countries who need to stock up their storage levels before the winter. The month-ahead UK gas price is up around 1% at 184p a therm, close to…