Andrew Bailey, Governor of the Bank of England
Andrew Bailey expressed; Governor of the Bank of England, today, Friday; Some statements related to inflation rates in the United Kingdom, and below we review the most prominent of these statements:
It is believed that there will be a noticeable decline in inflation next month. September inflation numbers are not far from what we expected. Core inflation was slightly lower than we expected, which is very encouraging. Wage growth remains well above anything consistent with the Bank of England’s inflation target. We will see more evidence of lower inflation by the end of this year.
The Governor of the Bank of England was Bayley; Last week, the Bank of England said that it sees significant progress in the latest inflation data, but, nevertheless, there is still a lot for the Monetary Policy Committee to do on this matter.
He added that interest levels are restricted; It should remain so for long enough to reduce inflation, which remains very high in the UK.
Statements by a member of the Bank of England regarding wages and the labor market in Britain
2023-10-20 06:25:32
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