Bringing inflation back to the 2% target, no ifs no buts
19 July 2022 · Andrew Bailey , Governor of the Bank of England (United Kingdom)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability
AB 19 Jul 2022 · Andrew Bailey Wiki · Bank of England Wiki Bringing inflation back to the 2% target, no ifs no buts Context Mansion House Financial and Professional Services Dinner speech in London; the Bank of England keeps inflation low and faces inflation far above target.
Why it matters Bailey vows to bring inflation back to 2%, no ifs no buts.
Problems raised Four shocks pushed inflation up. Imported inflation may become domestic. Inflation is well above target. Solutions proposed Bring inflation back to 2%, no ifs no buts. Set monetary policy firmly. Prevent persistent domestic pressures. Read full speech on bis.org ↗ More from Andrew Bailey · Bank of England · all speeches
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