Bank of England’s Bailey warns investors not to count on UK rate hikes

Bank of England Governor Andrew Bailey warned investors not to assume near-term rate hikes as markets are moving ahead of policymakers.

He said the BoE is prepared to tighten policy if inflation risks rise but aims to avoid worsening growth and jobs amid higher energy prices.

The BoE last held its Bank Rate at 3.75% and the next MPC decision is scheduled for April 30.