Category: Andrew Bailey

UK Central Bank Chief Urges People Not to Ask for Raises to Fight Inflation

February 4, 2022
Andrew BaileyBeating InflationBusiness & Economyhigher wageinflationThe Bank of EnglandUKwage-price spiralWorld
0 Comment

The Bank of England governor has recommended workers not to demand pay raises as the country battles decades-high inflation, and wage increases as such could result in a wage-price spiral that will end up hurting the economy even more. “I’m not saying nobody gets a pay rise, don’t get me wrong, but I think, what…

Read More

Bank of England Will Have to Act to Contain Inflation: Bailey

October 18, 2021
Andrew BaileybankBoEBusiness & EconomyCompaniesEconomiesEnglandinflationUKWorld
0 Comment

LONDON—Bank of England Governor Andrew Bailey sent a fresh signal on Sunday that the British central bank is gearing up to raise interest rates for the first time since the onset of the coronavirus crisis as inflation risks mount. Bailey said he continued to believe that the recent jump in inflation would be temporary, but…

Read More