BOE's Bailey Says Holding Rates Is a 'Sensible Decision'

Bank of England Governor Andrew Bailey tells broadcasters energy prices remain above pre-war levels and that the the central bank needs to assess "how much damage has been done to...

By Bloomberg Markets · Bloomberg Markets

Bank of England Governor Andrew Bailey tells broadcasters energy prices remain above pre-war levels and that the the central bank needs to assess "how much damage has been done to the infrastructure for supplying energy" in the Middle East. "I think holding is the right position to be in at the moment." Bailey speaks in an interview following the BOE's decision to keep interest rates at 3.75% in a 7-2 vote. (Source: Bloomberg)