Bank Of England Governor Bailey: Businesses Have Told Me They Are Having Difficulty Passing On Costs

Bank Of England Governor Bailey: The Longer The Problem Persists, The More Difficult It Will Be To Solve

Bank Of England Governor Bailey: The Extreme Volatility In Energy Prices Makes It Impossible To Assign Probabilities To Different Scenarios

Bank Of England Governor Bailey: Under Scenarios A And B, The Necessary Interest Rate Response Would Mainly Be To Refrain From The Rate Cut Expected In February And To Avoid Further Rate Hikes

Bank Of England Governor Bailey: There Is Considerable Room To Address Inflationary Pressures If Interest Rates Are Not Cut As Much As Previously Expected

Bank Of England Governor Bailey: Monetary Policy Faces Difficult Judgments Because It Cannot Wait For Conclusive Evidence Of A Second-round Effect

Bank Of England Governor Bailey: The Size Of The Second Round Of Inflationary Effects Is Highly Uncertain

Bank Of England Governor Bailey: The Longer The Middle East Conflict Lasts, The More Severe The Impact Will Be

Bank Of England Governor Bailey: The Initial Indirect Effects Of Inflation Are Likely To Have The Greatest Impact On Food Prices

Bank Of England Governor Bailey: Monetary Policy Cannot Prevent The Impact Of Rising Global Energy Prices On The UK Economy And Inflation