Economics
BOE Chief Says It’s Problematic to Call Inflation ‘Transitory’
- Andrew Bailey says the term has become one of ‘disrespect’
- U.K. central bank is ‘on a tightening path’ to curb prices
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Bank of England Governor Andrew Bailey said it’s increasingly difficult for policy makers to call inflation “transitory,” noting that the term has fallen into “disrespect” after repeated shocks.