Today news
About the same in other media
U.K.’s Central Banker Struggles With Inflation, a Financial Crisis and His Own Government
Reading now: 211
wsj.comLONDON—In late August, Bank of England Gov. Andrew Bailey was at a symposium in Jackson Hole, Wyo., when a New York University economist flagged a problem. In a world where central banks are quickly raising interest rates to calm inflation, they might face an unexpected crunch in financial markets and need to flood them with liquidity to prevent a market meltdown.
Mr. Bailey, a bookish, soft-spoken Brit, stood up in the hall and said such an about-face would be a tough sell to investors and the public since it would undermine the fight against inflation. It “is a very difficult message to get across to the outside world,” he said.
Read more on wsj.comAbout this in other media
British spy boss says Beijing’s moves to control tech, digital currency and markets threatens global security fnlondon.com /2 years ago
IMF tells central banks to focus on inflation as recession looms theguardian.com /2 years ago
‘I live under rugs’: people try to keep central heating off as UK bills soar theguardian.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
