Bank of England Governor: Energy Cost Spread in UK Economy is Subdued
2 reports, 1 independent
Updated Oct 16
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What happened
Andrew Bailey, Governor of the Bank of England, stated that the sharp rise in energy costs has not yet spread widely through the British economy. He noted that evidence so far has been "quite subdued" and cautioned that firm conclusions are premature.
From shafaqna.com
Why it matters
Bailey indicated that more data is required before the central bank can determine if energy costs are feeding into broader price increases. This assessment relates to the Bank of England's view on inflationary pressures in the UK.
From shafaqna.com
Who's involved
- Bank of EnglandCentral bank of the United Kingdom
- Andrew BaileyGovernor and primary policymaker of the Bank of England
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The entities involved
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Bank of England
central bank of the United Kingdom
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Andrew Bailey
researcher
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