Bank of England’s Bailey says ‘the warning signs are there’ on inflation

LONDON – Bank of England Governor Andrew Bailey told CNBC that “warning signs are there” about inflation, but the central bank will need to see more evidence from the labor market before raising interest rates. The bank somewhat surprised markets by keeping interest rates unchanged on Thursday, as many investors backed it to become the … Read more

Bank of England holds off hiking rates despite surging inflation

A corridor near the Bank of England (BOE) in London, UK, on ​​Thursday, March 18, 2021. Holly Adams | Bloomberg | Getty Images LONDON – The Bank of England kept interest rates steady on Thursday, defying expectations by many investors that it would become the first major central bank to raise interest rates in the … Read more