‘Door is open’ to interest rate hike as inflation fears return

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An interest rate hike by the Bank of England this year is back on the cards as fears of continued oil and gas trade disruption across the Strait of Hormuz could push inflation higher, according to City economists.

A spike in oil prices to levels seen during the Iran war has dampened the mood across https://www.cityam.com/door-is-open-to-interest-rate-hike-as-inflation-fears-return/">[...]