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المشهد العربي
Source: المشهد العربي
1 Dayالمشهد العربي
Source: المشهد العربي
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Bank of England Governor Andrew Bailey cautioned against drawing hasty conclusions about the impact of rising energy prices on inflation. He noted that the pass-through of these costs to the prices of goods and services remains limited, and said the Bank would assess how broadly inflationary pressures are spreading before making decisions on interest rates. Most companies are cutting costs rather than passing them on to consumers. But if energy prices keep rising, their profits could come under pressure, prompting them to raise prices. UK inflation stands at 3.1%, compared with the Bank’s 2% target, while the interest rate remains at 3.75%.
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