Andrew Bailey appeals to businesses to avoid price rises because higher inflation ‘hurts least well-off in society’
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Andrew Bailey, the governor of the Bank of England, has appealed to businesses to avoid price rises but expressed confidence that the rises in the cost of living would slow sharply in the early summer.
If all prices try to beat inflation then we will get domestic inflation that will start repeating itself. Higher inflation really benefits nobody and particularly hurts the least well-off in society.
8.15am GMT: France S&P Global PMIs flash for March
8.30am GMT: Germany S&P Global PMIs flash for March
9am GMT: Eurozone S&P Global PMIs flash for March
9.30am GMT: UK S&P/CIPS Global PMIs flash for March
12.30pm GMT: US Durable goods orders for February
1.45p GMT: US S&P Global PMIs flash for March
4pm GMT: Bank of England policymaker Catherine Mann speaks
