LONDON, March 23 (Reuters) - The Bank of England may
need to raise interest rates further than their new level of
4.25%, BoE Governor Andrew Bailey said on Thursday.
"We don't know whether it's going to be the peak," Bailey
told broadcasters when asked about the BoE's latest
quarter-point interest rate increase.
"What I can tell you is that we've seen signs of inflation
really peaking now. But of course it's far too high.... We need
to see it starting to come down progressively and get back to
target," he added.
(Reporting by David Milliken and Muvija M
Editing by William Schomberg)
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