Little evidence of second-round inflation in UK – Bailey
BoE governor says economy more resilient than expected, amid signs of AI investment
There is little evidence in the UK of second-round inflationary effects from the energy price shock, the governor of the Bank of England has said.
Speaking today (October 16) at an event organised by the Institute of International Finance in Bangkok, Andrew Bailey said any evidence of second-round effects was “quite subdued”.
“Talking to businesses, there is a very big focus on cost-cutting and a very big focus on the difficulty of passing through,” he said. “Firms are clearly squeezing margins
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