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Bank of England's Bailey says 'the warning signs are there' on inflation
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cnbc.comLONDON — Bank of England Governor Andrew Bailey told CNBC the «warning signs are there» on inflation, but the central bank will need to see further evidence from the labor market before hiking rates.
The Bank surprised markets somewhat by keeping interest rates unchanged on Thursday, with many investors having backed it to become the first major central bank to hike rates since the onset of the coronavirus pandemic.
Bailey had been among the officials striking a hawkish tone in the run up to the November policy meeting, but the Monetary Policy Committee voted 7-2 to hold its benchmark interest rate at its historic low of 0.1%. However, it strongly indicated that rates will have to rise imminently, with markets now expecting a hike at its
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