Bailey speech: I oppose changing the UK’s 2% inflation target
|Bank of England (BoE) Governor Andrew Bailey said in an interview with Prospect magazine on Wednesday, “I oppose changing the UK’s 2% inflation target.”
Additional quotes
I see more shocks coming.
The labor market explains part of UK inflation.
Market reaction
At the time of writing, GBP/USD is trading at around 1.2070, down 0.04% on the day.
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