Bank of England's Bailey says pace of recovery is levelling off

  • 9/8/2021
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LONDON, Sept 8 (Reuters) - Bank of England Governor Andrew Bailey said Britain’s economic bounce-back from its COVID lockdowns was showing some recent signs of a slowdown and that he was a bit concerned about the problems facing companies trying to fill vacancies. “At the moment, we’re seeing some levelling-off of the recovery,” Bailey told the Treasury Committee in the lower house of parliament. He reiterated his view that a recent jump in inflation would not prove to be persistent and bottlenecks in supply chains were likely to be resolved. (Reporting by David Milliken Writing by William Schomberg) Our Standards: The Thomson Reuters Trust Principles.

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