Thursday, October 28

BoE’s Bailey says inflation above target is concerning- Yorkshire Post

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Inflation running above the Bank of England’s target of 2.0 percent is very concerning and it has to be managed to prevent it from becoming permanently embedded, the bank’s governor, Andrew Bailey, said in an interview to The Yorkshire Post newspaper.

“We are going to have a very delicate and challenging job on our hands so we have got in a sense to prevent the thing becoming permanently embedded because that would obviously be very damaging,” Bailey was quoted as telling the newspaper. (Reporting by Bhargav Acharya in Bengaluru and Andy Bruce in London; Editing by Sandra Maler)

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