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BoE Bailey says policy must stay focused on returning inflation to target

Bank of England Governor Andrew Bailey said monetary policy should keep an “unwavering focus” on returning inflation to target and help ensure capital markets can safely absorb higher government borrowing.

Central banks must maintain an unwavering focus on bringing inflation back to target, while also taking steps to ensure capital markets can safely absorb higher government borrowing, Bank of England Governor Andrew Bailey said on Thursday. "We must be vigilant at all times," Bailey said in remarks about risks.