Governor of the Bank of England Andrew Bailey says that "people should not have to worry about inflation", and that this was the reason for the recent "forceful" action by the Bank to increase interest rates.
He admitted that "it is a tough road ahead" with energy prices rising and the economy staying flat.
Despite gloomy predictions though that he thought that the interest rate while likely to rise further, they should not go as high as has been priced in by financial markets he concluded.
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He admitted that "it is a tough road ahead" with energy prices rising and the economy staying flat.
Despite gloomy predictions though that he thought that the interest rate while likely to rise further, they should not go as high as has been priced in by financial markets he concluded.
Read the latest from the Sky News politics Hub: https://bit.ly/3yYPbpp
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
For more content go to http://news.sky.com and download our apps:
Apple: https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí https://www.youtube.com/channel/skynewsespanol
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
- Category
- World
- Tags
- Sky News, Sky, Bank of England
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