The Independent
UK · 6 mins ago
✦ 72◉ Centre
Inflation target should not be increased, says Bank governor
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Quality 72/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Bank of England Governor Andrew Bailey argues against raising the inflation target, attributing current inflation above target levels to Middle East geopolitical disruptions rather than structural economic factors.
Inflation target should not be increased, says Bank governor
Andrew Bailey he believes inflation would currently be at the 2% target level were it not for the conflict in the Middle East.
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