UK interest rate rise ‘increasingly likely’ with high energy prices; inflation fears hit bonds – as it happened

BoE deputy governor cites risks from energy prices, as US 30-year bond yields hits highest since 2004Newsflash: A Bank of England deputy governor is warning that interest rates will be raised, if necessary, to combat the risk of persistent inflationary pressures from higher oil prices.Clare Lombardelli is telling the Sixth Biennial Conference on Macroeconomic Policy in Warsaw that the energy shock due to the conflict in the Middle East is likely to keep pushing UK inflation higher in the coming