A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska/File PhotoLONDON, Sept 26 (Reuters) - Bank of England Governor Andrew Bailey said on Monday that the BoE "will not hesitate" to raise interest rates if needed to meet its 2% inflation target, and that it was watching financial markets "very closely" following sharp moves in asset prices. "The Bank is monitoring developments in financial markets very closely in light of the significant repricing of financial assets," Bailey said in a statement. However, traders viewed the BoE statement has decreasing the likelihood of a move before the BoE's next scheduled rate announcement on Nov. 3. Sterling fell more than a cent against the dollar and interest rate swaps for one week ahead priced in substantially lower rates than immediately before.

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