Bank of England Governor Andrew Bailey said further increase in the interest rate might be required to achieve the UK inflation target on a sustainable basis.At Brunswick Group's Cost of Living Conference in London, Bailey said, "Some further increase in Bank Rate may turn out to be appropriate, but nothing is decided.""The incoming data will add to the overall picture of the economy and the outlo...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.