Bank of England to Tolerate Above-Target Inflation to Support Economic Growth, Says Bailey

GateNews
According to Jin10, on May 29, Bank of England Governor Andrew Bailey stated the central bank may tolerate inflation temporarily above its 2% target to support the UK's weak economy, provided no second-round price effects emerge. Bailey added that if signs of second-round effects appear, this tolerance would decrease.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments