The Bank of England - the old lady who swallowed a fly.
marketdepth.substack.com
There are some who suggest that central bankers tolerate inflation in anything but wages. Andrew Bailey, the governor of the Bank of England (BoE), has at least been consistent with this approach during the recent rise in UK inflation rates. Back in February last year, Mr Bailey said workers would have to accept the pain of prices rising faster than wages
The Bank of England - the old lady who swallowed a fly.
The Bank of England - the old lady who…
The Bank of England - the old lady who swallowed a fly.
There are some who suggest that central bankers tolerate inflation in anything but wages. Andrew Bailey, the governor of the Bank of England (BoE), has at least been consistent with this approach during the recent rise in UK inflation rates. Back in February last year, Mr Bailey said workers would have to accept the pain of prices rising faster than wages