Incoming BoE boss will have time to settle in despite rising inflation | Larry Elliott
by Larry Elliott from on (#4ZJNS)
UK is not in early stages of wage-price spiral, with little sign of inflationary pressure in pipeline
Gordon Brown always used to joke that there were two kinds of chancellors: the ones who failed and the ones that got out in time. With Mark Carney only a month away from ending his stint at Threadneedle Street, the question is whether the same principle applies to Bank of England governors as well.
When Carney arrived at the Bank in 2013, official interest rates were 0.5%. He leaves with them only a quarter of a point higher, at 0.75%. So will it fall to his successor, Andrew Bailey, to preside over the long-anticipated tightening of policy?
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