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Bank of England Official Says Oil Crisis Clouds Rate Outlook
The Bank of England may know where inflation is headed, but it has a much harder time knowing where oilโand interest ratesโare headed. That was the message from Bank of England policymaker Swati Dhingra on Friday, as the ongoing Middle East energy crisis continues to complicate the outlook for interest rates. "If you ask me what's my interest rate decision next month going to look like or in the future, I think that's very hard to say, because the big elephant in the room here is what happens to the energy crisis," Dhingra said duringโฆ