January 19, 2023 12:22 GMT
Bailey Flags View That Inflation to Slow, But Labour Market Remains Tight
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- Speaking to Wales Online's BusinessLive, BoE's Bailey states that: "The rate of inflation remains on track to fall rapidly from the spring although there remains a risk of the UK’s tight labour market creating more inflationary pressures forcing the bank to intervene by rising interest rates, the Governor of the Bank of England has said."
- The comments are inline with the Bank's pre-existing 2023 view as well as Bailey's appearance in front of the Treasury Select Committee earlier this week.
- Full article found here: https://www.business-live.co.uk/economic-developme...