Wednesday, 08 September, 2021
(NPW) Bank of England’s Bailey says pace of recovery is leveling
off
Bank of England Governor Andrew Bailey said Britain’s economic
bounce-back from its COVID lockdowns was showing some recent
signs of a slowdown and that he was a bit concerned about the
problems facing companies trying to fill vacancies.
“At the moment, we’re seeing some leveling-off of the
recovery,” Bailey told the Treasury Committee in the lower
house of parliament.
He reiterated his view that a recent jump in inflation would
not prove to be persistent and bottlenecks in supply chains
were likely to be resolved. (Reporting by David Milliken
Writing by William Schomberg)
——————————————————————————-
This message may contain confidential or privileged information. If you are not
the intended recipient, please advise us immediately and delete this message.
The unauthorised use, disclosure, distribution and/or copying of this e-mail or
any information it contains is prohibited.
This information is not, and should not be construed as, a recommendation,
solicitation or offer to buy or sell any securities or related financial
products. This information does not constitute investment advice, does not
constitute a personal recommendation and has been prepared without regard to
the individual financial circumstances, needs or objectives of persons who
receive it.
2021-09-08 15:59:13.430 GMT
Sept. 8 (National Post) — LONDON – Bank of England
Governor Andrew Bailey said Britain's economic bounce-back from
its COVID lockdowns was showing some recent signs of a slowdown
and that he was a bit concerned about the problems facing
companies trying to fill vacancies.
"At the moment, we're seeing some leveling-off of the
recovery," Bailey told the Treasury Committee in the lower
house of parliament.
He reiterated his view that a recent jump in inflation
would not prove to be persistent and bottlenecks in supply
chains were likely to be resolved. (Reporting by David Milliken
Writing by William Schomberg)
-0- Sep/08/2021 15:59 GMT
https://blinks.bloomberg.com/news/stories/QZ4HQP0799MO
