Andrew Bailey: 'We are not desiring a recession but we will do what is necessary to bring inflation down'

Reacting to interest rate rise

Eve Maddock-Jones
clock • 2 min read

Governor of the Bank of England Andrew Bailey said that while the central bank is not actively seeking to trigger a recession with its monetary policy, it is willing to “do what is necessary” to bring inflation down to its 2% target.

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