Andrew Bailey: Soaring inflation to hit UK economy harder than other nations

'Higher for longer'

clock • 2 min read
The Bank of England said last month that it anticipates UK inflation will top 11% in October.
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The Bank of England said last month that it anticipates UK inflation will top 11% in October.

Soaring inflation will hit Britain harder than any other major economy during the energy crisis, with inflation likely to stay higher for longer, the governor of the Bank of England has warned.

Speaking with other central bankers at a European Central Bank conference in Sintra, Portugal, Andrew Bailey said that the energy price shock that all European countries are experiencing will likel...

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