LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Thursday that financial markets now expected energy prices to take longer to fall than just a few months ago, which risked further embedding price pressures.
Greater tension between Russia and Ukraine were also a problem.
"That is a very great concern," Bailey told lawmakers from parliament's Treasury Committee.
"If you think about the relationship between transitory and these second round effects that can make it much longer - that again is a source of pressure in this story, which is a concern."
(Reporting by David Milliken, writing by Andy Bruce)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 93.2 RUB | +0.03% | -1.00% | - | ||
