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المشهد العربي
Bank of England Governor hints at rate hikes amid energy crisis
The Governor of the Bank of England, Andrew Bailey, confirmed that the continued rise in energy prices poses an obstacle to the bank's ability to keep interest rates unchanged. It is becoming increasingly difficult to maintain the current policy due to energy prices remaining high for extended periods. Although there is limited evidence of the energy crisis's impact on inflation, the bank is under pressure to raise interest rates to address the economic challenges resulting from the increased energy costs.
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