Bank Of England's Bailey Says I Think We Are Now Seeing A Revision Down In Our Assessment Of Intrinsic Inflation Persistence; Less Inflation Persistence Is Not Something We Can Take For Granted; Appears The Economic Costs Of Bringing Down Persistent Inflation Could Be Less Than In The Past; Inflation Expectations Appear To Be Better Anchored; Policy Setting Will Need To Remain Restrictive For Sufficiently Long; The Course Will Be A Steady One
Author: Benzinga Newsdesk | August 23, 2024 11:08am