General · 29 May 2026

Bailey: Higher inflation 'acceptable' despite rising prices

Office of U.S. Ambassador to U.K. via Wikimedia Commons (Public Domain)

Households and businesses could face higher prices for longer as policymakers watch the Iran war and weak UK growth. Bank of England governor Andrew Bailey said on Friday that inflation staying above the bank’s 2% goal was acceptable for now. Interest rates stayed unchanged on April 30, while markets expect one quarter-point rise and a one-in-three chance of another in 2026.

By BriefTea Editorial · 29 May 2026 at 12:33

Reported by Reuters · How we write briefs