BoE Governor Says It Is Too Early to Assess Second-Round Inflation
Andrew Bailey said the U.K. has felt the first-round inflation impact of the Middle East war through higher energy prices. The Bank of England is assessing whether that is feeding into broader price growth.
By Fabiana Negrin OchoaThe U.K. has felt the first round of inflationary impact from war in the Middle East in higher energy prices. The question for the Bank of England is whether that is passing through into broader price growth, Gov. Andrew Bailey said Friday.Inflation in the U.K.
is above the c…