Central banks’ balancing act on inflation risks and gender gap
Friday 25 February 2022 – Vol.13 Ed.8.5
Commentary: Two faces of the BoE’s inflation stance
By Brian Reading in London
Bank of England Governor Andrew Bailey, despite enjoying 18 times the average national pay, has called for wage restraint. He assumes inflation will peak this year and fall back under 2% by early 2025. This is a hope not a forecast. Market wage settlements may remain moderate. Claims on the public purse will dominate...