WASHINGTON: Bank of England Governor Andrew Bailey said inflation pressures might require a bigger interest rate increase than it previously thought because of the government's huge energy subsidies for households and businesses, and its tax cut plans. 'We will not hesitate to raise interest rates to meet the inflation target,' Bailey said on Saturday at an event on the sidelines of the International Monetary Fund Meetings in Washington. 'And, as things stand today, my best guess is that inflationary pressures will require a stronger response than we perhaps thought in August.

https://www.brecorder.com/news/40203274

#brecorder