Interest rates of 6-7% 'could be needed' under new inflation prediction | Cost of living latest - Sky News

The energy price cap is set to rise to £3,554 a year on Friday, according to the final prediction by Cornwall Insight; Citi economist Benjamin Nabarro warns interest rates of 6-7% could be needed if his forecast of 18.6% inflation is correct and becomes embed…

Analysis by Ian King, business presenter Wholesale gas prices are back to trading at close to a five-month high. The price of British gas for immediate delivery is off 2.5% this morning but yesterda… [+3324 chars]

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