The Governor of the Bank of England (BoE), Andrew Bailey, contrasts the comments of the previous day of Lieutenant Governor Dave Ramsden while rejects the rush to make decisions on raising interest rates despite news of rising inflation, as reported by Reuters.
The UK’s CPI consumer price index, released on Wednesday, rose beyond year-on-year expectations of 2.2% to 2.5%.
Key Comments (via Reuters)
“(Wednesday’s inflation figure) – yeah it was higher than we thought it would be“Bailey told Business Live in an interview published Thursday.
What we will have to do, again, is go through all the evidence and assess the extent to which we think about the kinds of things that underlie that are likely to be transitory.
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