Bank of England governor Andrew Bailey has rejected suggestions by British prime ministerial front-runner Liz Truss that the government should have a bigger role in how the Bank operates. With inflation on track to top 13% later this year – the highest level since 1980 – the ECB has said it wants to set “a […]
Tag: Andrew Bailey
Bailey (BoE): There is a risk that inflation will integrate into the British economy at this high level
LAST UPDATE 12:50 The governor of the Bank of England, Andrew Bailey, said there was a “very clear” risk that very high inflation would be integrated into the British economy if there was a cycle of higher prices pushing up wages. “It’s not just about setting wages, it’s about setting prices, it’s about both,” Bailey […]