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Bailey says BoE can pull off a soft landing for UK economy

Bailey says BoE can pull off a soft landing for UK economy
Bailey says BoE can pull off a soft landing for UK economy   -   Copyright  Thomson Reuters 2022
By Reuters

LONDON – Bank of England Governor Andrew Bailey said on Friday that the British central bank could deal with the fast rise in inflation without damaging the economy, but the path was a narrow one.

Asked at an International Monetary Fund event in Washington whether the BoE could pull off a “soft landing” for the economy, Bailey said: “Yes, but as I said it is a narrow path.”

“You can walk down a narrow path … but there is a lot of uncertainty around it which is why, I think, it is very clear to me, at each meeting we have we are going to have to come back to this judgement and see how it develops,” he added.