Bank of England faces the 'most difficult combination,' says governor Bailey as energy prices soar

Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty Images Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey, as the U.K. faces the consequences of an energy price shock. The U.K. …