Bank of England faces the 'most difficult combination,' says governor Bailey as energy prices soar

Mădălin Mihai

Bank of England policymakers must contend with the "most difficult combination" of economic effects, according to governor Andrew Bailey, as the U.K. faces the consequences of an energy price shock. The U.K. central bank chief told CNBC in an interview on Thursday that the outlook for energy prices is "very uncertain" but a "a long lived effect" of this kind will likely see price growth feed into the rest of the economy and embed inflation more deeply. "This is what we'd call a negative supply

Tag-uri: Inflatie