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At close · Thu, Sep 24, 2026
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Home›Bonds & Rates›Central Banks›BoE governor says high oil and gas prices make rate ri…

BoE governor says high oil and gas prices make rate rise harder

Reported · Written up by our desk · Central Banks

Bank of England governor Andrew Bailey said persistently high oil and gas prices would make it hard for policymakers to resist pressure to raise interest rates, according to the Guardian.

The business live coverage also notes that Shell fuel prices in the UK are on track toward an all time high for diesel, as the Iran driven energy shock continues to affect costs.

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Sources

Guardian BusinessIran war drives UK diesel price to near record high, and makes interest rate rise ‘hard to avoid’ – business live
Guardian EconomicsIran war drives UK diesel price to near record high, and makes interest rate rise ‘hard to avoid’ – business live

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