Andrew Bailey: MPC ready to hike interest rates before Christmas if inflation keeps rising

Society of Professional Economists speech

Lauren Mason
clock • 3 min read
Bank of England governor Andrew Bailey
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Bank of England governor Andrew Bailey

The Bank of England’s Monetary Policy Committee is prepared to raise interest rates before the year end if inflation continues to rise, according to BoE governor Andrew Bailey.

Bailey, who gave a speech to the Society of Professional Economists at a dinner yesterday evening (27 September), described the UK's current stage of recovery as "the hard yards", with the rate of recovery...

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