Central BanksMedium•9 October 2026•
1 min read
BoE Official Warns of New Inflation Wave and Backs Rate Hikes
Key Facts
1A Bank of England policymaker warned of risks regarding a new inflationary wave hitting the economy.
2The official expressed support for raising interest rates to counter persistent price pressures.
A Bank of England BoE Monetary Policy Committee member warned of risks regarding a new inflationary wave hitting the economy. Investing.com reported that the official expressed support for raising interest rates to counter persistent price pressures and maintain stability.
The hawkish commentary follows data showing the UK inflation rate reached 3.3% on October 2, 2026, up from a previous reading of 3.1%. This warning also coincides with the Construction PMI recording 46.1 on October 6, 2026, reflecting ongoing economic challenges as the central bank considers further monetary tightening.