Bank of England 'helpless' to steady spiralling inflation

Governor Andrew Bailey speaks at the Treasury Select Committee

James Baxter-Derrington
clock • 1 min read
Andrew Bailey
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Andrew Bailey

Bank of England governor Andrew Bailey has admitted he feels “helpless” to prevent inflation, which is forecast to top 10% in the fourth quarter of 2022.

Speaking at the Treasury Select Committee, Bailey was asked by Conservative committee member Gareth Davies if he had felt "a bit helpless" over the past months as inflation has spiralled well beyon...

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