BoE officials voice concern over energy-driven inflation
BoE officials express concern over energy price rises and external risks with weak domestic economy.
08/09/2026 13:414 min read
BoE officials express concern over energy price rises and external risks with weak domestic economy.
UK retail sales growth slowed to 0.7% in August, the smallest increase since April, as the summer boost faded. Consumer confidence also dropped.
BOE Chief Economist Huw Pill advocates for raising the Bank Rate to 4%, sparking a GBPUSD rally.