Bank of England Governor Andrew Bailey attends the central bank's Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty Images Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey, as the U.K. faces the consequences of an energy price shock. The U.K. central bank chief told CNBC in an interview on Thursday that the outlook for energy prices is "very uncertain" but a "a long lived effect" of this kind will likely see price growth feed into the rest of the economy and embed inflation more deeply. "This is what we'd call a negative supply shock. In other words, unfortunately, the increase in price of energy product... is also having...a negative effect on activity in economy," he said.…