- It's important that energy prices are not much higher than pre-war
The market is pricing in 26 bps in rate hikes by next February so they're certainly not being rushed by the market to make any moves. Cable is up 15 pips to 1.3271 today.
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BOE's Bailey: We have time to judge the pass through of higher energy prices
- Comments from Bailey on CNBC
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- BOE's Bailey: We have time to judge the pass through of higher energy prices
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