We took a decision today to leave the Bank Rate unchanged and that is the relevant conclusion." "Several members suggested a sustained period of higher energy prices would raise the chances that second-round effects would develop." 01:07pmHigher energy prices not 'embedded'Andrew Bailey said there was little to suggest that the recent rise in energy prices had become "embedded" in the economy. 12:20pmHouseholds at risk of higher energy prices, warns BaileyAndrew Bailey warned the Iran war could leave households facing higher energy prices as gas use peaks in the winter months. 12:12pmUK economy to flatline, warns Bank of EnglandBritain's economy is set to almost grind to a halt for the rest of the year, the Bank of England has warned.