Business · 10 June 2026
Bank of England may let inflation run to protect growth
Unsplash / John McArthur
Bank of England governor Andrew Bailey has signalled the Bank may tolerate higher inflation to support a weakening UK economy, in a notable shift of tone. Policymaker Catherine Mann separately warned that the era of low inflation driven by good luck has run out. Traders have pared back rate-cut bets and now lean towards a single rate rise this year.
Reported by Bloomberg · How we write briefs