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MarketsEconomicsBOE Rejects Criticism It Acted Too Slowly on InflationUK central bank has fallen behind Fed on tightening policyFront runner to succeed Boris Johnson seeks probe of BOE remitAndrew Bailey, on Aug. 4Photographer: Hollie Adams/BloombergByReed Landberg, David Goodman, and Celia Bergin+FollowAugust 5, 2022, 8:06 AM UTCUpdated onAugust 5, 2022, 12:49 PM UTCFollow us at @BloombergUK and on Facebook, and wrap up your day with The Readout newsletter with Allegra Stratton.Bank of England Governor Andrew Bailey denied that officials allowed inflation to get out of control by acting too slowly, saying interest-rate increases a year ago would have damaged the recovery from the pandemic.