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المشهد العربي
Bank of England reassures on inflation
The Governor of the Bank of England, Andrew Bailey, minimized the likelihood of rising prices developing into a widespread inflationary wave, emphasizing that the secondary effects of the previous inflation surge remain limited, and that the labor market continues to suffer from a decline and weakness that will persist for some time. He clarified that he prefers to monitor data closely and avoid relying on preconceived guidance for monetary policy, in order to maintain decision-making flexibility amid global market fluctuations. This comes ahead of the bank's upcoming meeting on September 17 to discuss interest rates.
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