- BoE Governor Andrew Bailey said on Friday at the Institute of International Finance annual meeting in Bangkok that there is little evidence yet of inflation becoming embedded in UK price and wage-setting.
- The Bank of England is watching for companies and workers raising prices and wages to offset their own rising costs, which would start a second round of the inflation shock.
- The source gives no date for an event beyond the Friday speech, so event timing is unverified.
Quotes
“there is little evidence yet of inflation becoming embedded in UK price and wage-setting”