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Home Andrew Bailey insists BoE is not ‘whistling in the wind’ on inflation
Andrew Bailey insists BoE is not ‘whistling in the wind’ on inflation
Central bank governor uses Mansion House speech to stress that sharp growth in prices is likely to be temporary
World Economy News
2 Jul 2021 • 3 min read
Andrew Bailey, governor of the Bank of England, insisted on Thursday that the central bank was not “whistling in the wind” as inflation accelerated and predicted the current sharp rise in prices would be temporary.
Responding to his former chief economist Andy Haldane, who called on Wednesday for the BoE to nip inflation in the bud as the economy “roared back” from the coronavirus crisis, Bailey said the BoE was not being complacent.