BoE’s Bailey sees muted inflation effects, ahead of BoE's meeting
The Bank of England (BoE) Governor Andrew Bailey said that he doesn’t see significant second-round inflation effects in the UK, in an interview with Bloomberg TV at Jackson Hole.
Bank of England Governor Andrew Bailey stated that he does not anticipate significant second-round inflation effects in the UK, according to a Bloomberg TV interview in Jackson Hole. He noted a softening labor market and suggested that the Bank of England is currently adopting a wait-and-see approach ahead of their monetary policy meeting on September 17.
Bailey emphasized that the BoE is not committed to a specific interest rate path and will reassess the economic situation at each meeting. He stated, "We are seeing, at the moment, relatively muted second-round inflation effects."
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