BoE’s Bailey to assess if inflation pressures transitory -Business Live

By Reuters StaffFILE PHOTO: Bank of England Governor Andrew Bailey speaks at the Financial and Professional Services Address, formerly known as the Bankers Dinner, at Mansion House in London, Britain, on July 1, 2021. (Reuters) – Bank of England Governor Andrew Bailey said the central bank would assess inflation data for things that could be temporary before deciding whether to raise rates and tighten the economy’s money supply.Official data released on Wednesday showed British inflation hit 2.5 percent in the year to June, exceeding the central bank’s target.”/nRead More