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Bailey Again Flags Rate Hikes Could Come Ahead of APP Conclusion

BOE

Bank of England Governor Bailey speaks at the Society for Professional Economists. Key remarks include:

  • "In our view, there are good reasons why the current above target inflation will be temporary, as I described earlier."
  • RE inflation risks: "It follows that the monetary policy response, if we need to make one, to the inflation pressure should involve Bank Rate not QE."
  • And on policy sequencing: "unwind should be enacted by an increase in Bank Rate, and if appropriate would not need to wait for the end of the current asset purchase programme."
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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