The Bank of England may continue to raise interest rates in the near future after recently raising interest rates by a quarter of a point to 4%, writes the Financial Times. Deputy Governor Claire Lombardelli said high energy prices and strong economic growth are setting the stage for continued inflation, so she would not rule out more hikes in future meetings.

The Bank of England may continue to raise interest rates in the near future after recently raising interest rates by a quarter of a point to 4%, writes the Financial Times. Deputy Governor Claire Lombardelli said high energy prices and strong economic growth are setting the stage for continued inflation, so she would not rule out more hikes in future meetings.