5/23, 4:33 PM (Source: TeleTrader)
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BoE ready to hike rates again - Bailey

Bank of England (BoE) Governor Andrew Bailey stated on Monday that London's central lender is ready to raise interest rates again if the data proves the hike necessary.

Delivering remarks at an event hosted by Austria's central bank, Oesterreichische Nationalbank, he added that the policymakers need to make sure the inflation is brought back under control.

Bailey reiterated that the monetary response to the COVID-19 crisis hasn't "stoked inflation."

Baha Breaking News (BBN) / BU