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Bank of England Not to Blame for ‘Painful’ UK Inflation, Says Bailey

  • Bank of England governor to assess impact of higher costs
  • Rejects criticism that BOE was too slow to act on inflation
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Food-Price Surge Poses 'Apocalyptic' Risk, Bailey Says

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Bank of England Governor Andrew Bailey said the cost-of-living crisis is holding back the UK economy and that policy makers will take that into account in gaging how much to raise interest rates.