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BOE Chief Sees ‘Apocalyptic’ Risk From Soaring Food Prices

  • Andrew Bailey says a series of shocks are buffeting economy
  • Remarks respond to criticism BOE was slow to act on inflation
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WATCH: “The one I’m going to sound rather apocalyptic about is food,” Bailey says.Source: Bloomberg
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Bank of England Governor Andrew Bailey said a surge in food costs could have “apocalyptic” consequences for the poorest people in society and the global economy.