BoE’s Bailey to not rush on rate decision despite rising inflation -Business Live

July 15 (Reuters) – Bank of England Governor Andrew Bailey said the central bank would first “assess” the inflation data for things that could be temporary, before taking a call on tightening the money supply.

“(Wednesday’s inflation) number – yes, it was higher than we thought it would be,” Bailey told the Business Live in an interview published Thursday.

“What we will have to do, again, is go through all the evidence and assess to what extent we think the sorts of things that underlie that are likely to be transitory.” (Reporting by Shubham Kalia; Editing by Christopher Cushing)

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