The Bank of England couldn’t be more unclear about interest rates

The economy seems to be both brighter and in for more torment – at least that’s what Andrew Bailey’s speech seems to suggest, argues James Moore

No wonder the media are scratching their heads over the latest conference (PA)

It’s news when the governor of the Bank of England speaks, all the more so at a time when rates have been climbing at the speed of a hungry spider in pursuit of a meal.

Quite what point he was trying to make when he arrived at a cost of living conference hosted by Brunswick, a public relations company, however, isn’t terribly clear.

A cursory glance at the headlines following his speech at the event tells you all you need to know: roughly half focused on him saying that interest rates may have peaked while the other highlighted his warning that they may have to go higher. So as clear as mud.