BoE Governor Bailey says "I don't agree we have got endemic inflation", adding that if energy prices remain high, there is a chance of another hike
ORIGINAL · NewsquawkBoE Governor Bailey says "I don't agree we have got endemic inflation", adding that if energy prices remain high, there is a chance of another hikeRead originalHide original
Private wages at upper end range for inflation target. "If we get no resolution of this problem in the Middle East and energy prices continue to be at the high level we have seen them then I think the probability of us having to increase interest rates at least once more is probably reasonably high".
Bailey rejected the description of inflation as endemic and said private wages were at the upper end of the inflation-target range; a further rate increase was conditional on the Middle East situation and persistently high energy prices.
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Private wages at upper end range for inflation target. "If we get no resolution of this problem in the Middle East and energy prices continue to be at the high level we have seen them then I think the probability of us having to increase interest rates at least once more is probably reasonably high".
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