Bank of England will have to act to curb inflation, says Bailey - short news
Governor signals central bank is preparing to raise interest rates amid surge in energy prices
The governor of the Bank of England has warned it will “have to act” to curb rising inflation, sending a new signal that it is gearing up to raise interest rates.
Bailey said he continued to believe the recent jump in inflation would be temporary, but he predicted a surge in energy prices would push it higher and make its climb last longer, increasing the risk of higher inflation..
source: The Guardian - 18.10.2021