BOE’s Bailey: Data showed clear persistence of inflation

  • We will do what is necessary
  • It’s a worse outcome if we don’t get inflation back to target
  • I expect headline inflation to come down
  • The unwind of energy subsidies is on a longer track
  • We have a very, very robust labour market in the UK
  • The size of the labour force is smaller than at the outbreak of covid
  • The economy has turned out to be much-more resilient so far but we’ve had a very sharp fall in energy prices
  • We do talk quite a bit about global events
  • We have to judge the rollover of fixed rate mortgages
  • I’ve always bee interested to see that markets think it will be a short-term top in rates when we’re fighting a long-term inflation process

This article was written by Adam Button at Source