Bank of England's Bailey does not expect inflation pressure to last

  • 5/13/2021
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LONDON, May 13 (Reuters) - The Bank of England does not think that the factors that will push up inflation in the coming months will persist, but it will watch the situation very carefully, Governor Andrew Bailey said on Thursday. “So the really big question is: ‘Is (higher inflation) going to persist or not?’ Our view is that on the basis of what we’re seeing so far, we don’t think it is,” Bailey said at an event with members of the public organised by the BoE. (Writing by William Schomberg, editing by David Milliken) Our Standards: The Thomson Reuters Trust Principles.

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