A BoE policymaker won't rule out back-to-back rate rises, so the hawkish tail stays alive for the front end. Gilts remain vulnerable and UK rate-sensitive equities get no relief until the MPC clearly

What happened: BoE policymaker Clare Lombardelli said she would not rule out back-to-back rate rises, citing high energy prices and the resilience of UK growth as grounds for a further increase in the near term. Why it matters: Her comments signal that a further increase remains on the table for the central bank in the near term.

BoE policymaker Clare Lombardelli said she would not rule out back-to-back rate rises, citing high energy prices and the resilience of UK growth as grounds for a further increase in the near term.

Her comments signal that a further increase remains on the table for the central bank in the near term.