Bailey says bigger hikes and faster QT ‘on the table’
BoE governor says MPC is willing to act “forcefully” to prevent inflation persisting
The Bank of England’s monetary policy committee is to consider taking stronger action to bring down inflation when it next meets, governor Andrew Bailey will say in remarks this evening (July 19).
Bailey is set to tell the annual Mansion House gathering of financiers that a 50 basis point rate increase “will be among the choices on the table when we next meet”, on August 4. The MPC has so far opted for 25bp hikes, as policy-makers try to balance efforts to curb inflation against the weakness of
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