Inflation isn’t out of control yet, governor, but can you reassure us it won’t be?

Inflation isn’t out of control yet, governor, but can you reassure us it won’t be? - short news


The Bank of England’s Andrew Bailey needs to say what he will do if the rate of price increases – already 2.5% – remains high

The UK’s annual rate of consumer price inflation was 2.5% in June, we learned last week, up from just 0.7% in March. It has arrived at that point sooner than almost every economist had expected in the spring. Now the forecasters agree 3% is a nailed-on certainty this year, with a few saying 4% will be seen.

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source: The Guardian - 18.07.2021

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