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BoE walks tightrope between inflation and recession, Bailey says

Bank of England Governor Andrew Bailey said on Thursday the British central bank was walking a tight line between tackling inflation and avoiding recession, with the strength of the labour market a key question right now.

BoE walks tightrope between inflation and recession, Bailey says
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The BoE last month softened its language on the need for more interest rate increases as rate-setters stressed downside risks to the economy, in addition to existing worries about inflation becoming embedded in expectations.

Read more at Reuters

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