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Bank Of England's Bailey Says I Think We Are Now Seeing A Revision Down In Our Assessment Of Intrinsic Inflation Persistence; Less Inflation Persistence Is Not Something We Can Take For Granted; Appears The Economic Costs Of Bringing Down Persistent...

Benzinga ·  Aug 23 11:08

Bank Of England's Bailey Says I Think We Are Now Seeing A Revision Down In Our Assessment Of Intrinsic Inflation Persistence; Less Inflation Persistence Is Not Something We Can Take For Granted; Appears The Economic Costs Of Bringing Down Persistent Inflation Could Be Less Than In The Past; Inflation Expectations Appear To Be Better Anchored; Policy Setting Will Need To Remain Restrictive For Sufficiently Long; The Course Will Be A Steady One

- Reuters

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