Economics
Bailey Says Bank of England ‘Will Have to Act’ on Inflation
- BOE officials have been laying ground for possible rate hike
- U.K. 2021 inflation likely to be more than double BOE’s target
The Shard skyscraper, center, in London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
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Bank of England Governor Andrew Bailey moved to strengthen the case for raising interest rates, saying the central bank will “have to act” to curb inflationary forces and warning higher energy costs mean price pressures will linger.