Getting inflation back to the 2% target
17 May 2023 · Andrew Bailey , Governor of the Bank of England (United Kingdom)
Summary written by Dark Majestic in its own words · topics: inflation and price stability , labour markets and jobs
AB 17 May 2023 · Andrew Bailey Wiki · Bank of England Wiki Getting inflation back to the 2% target Context Speech at the British Chambers of Commerce annual conference in London; the Bank of England keeps inflation low and is raising rates to bring inflation back to 2%.
Why it matters Bailey says the Bank must prevent second-round effects from keeping inflation high.
Problems raised Inflation remains high. Second-round effects could keep inflation up. External shocks drove inflation. Solutions proposed Take action to make inflation fall. Prevent persistent wage-price effects. Keep policy tight as needed. Read full speech on bis.org ↗ More from Andrew Bailey · Bank of England · all speeches
More speeches by Andrew Bailey Other leaders on inflation and price stability
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