Bank of England taking ‘wait and see’ stance to more interest rate rises

Governor signals interest rates may have peaked but could rise again if inflationary pressures become embedded

The Bank of England governor, Andrew Bailey, has signalled interest rates may have peaked after 10 successive increases in the official cost of borrowing since December 2021.

Speaking in London, Bailey said Threadneedle Street would assess the impact of tighter policy on the economy before sanctioning any fresh moves.