Bailey says hes unhappy about inflation but BoE not to blame

div classBodysc17zpet90 cdBBJodivpLONDON Reuters – Bank of England Governor Andrew Bailey said on Monday he was “not at all happy” about the surge in inflation in Britain but he also said he did not think the central bank could have done anything differently to prevent it.

“I should emphasise that I do not feel at all – obviously – happy about this,” Bailey told the Treasury Committee in the lower house of parliament. “This is a bad situation to be in.”pdivdivdiv classBodysc17zpet90 cdBBJodiv

Asked if the BoE could have done something different, he said: “I don‘t think we could. I don’t think we could foresee a war in Ukraine. Another factor that were dealing with at the moment is a further leg of COVID, which is affecting China.”

Reporting by David Milliken and Farouq Suleiman Writing by William Schombergp

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