BoE policymaker refuses to rule out back-to-back rate rises

Clare Lombardelli, a Bank of England policymaker, has hinted at the possibility of consecutive interest rate hikes due to high energy prices and the robust resilience of the UK economy. She suggested that there is a compelling argument for another rate increase "in the near term." This stance is significant as it underscores the central bank's ongoing vigilance against inflationary pressures, which could have broader implications for economic stability and consumer costs. Lombardelli’s comments reflect the complex balancing act the BoE faces between supporting growth and controlling inflation.