BoE's Lombardelli sees conditions for persistent inflation crystallising
TLT•Bank of England Deputy Governor Clare Lombardelli said conditions for persistent inflation in Britain are crystallising and that a further near-term rate increase is likely unless inflation pressures weaken.
1. Rate outlook
Lombardelli said the conditions for persistent inflationary dynamics over the medium term are crystallising. She said that warranted last week's Bank Rate increase and that, without evidence of weaker inflation pressures, she sees a likely case for another increase in the near term.
