Bank of England's Bailey: 'Early days' to assess energy price inflation impact
UKPulse Money Desk
Bank of England Governor Andrew Bailey has stated it is too early to see the full effect of energy prices on inflation.
- Bank of England Governor Andrew Bailey commented on the impact of energy prices on inflation.
- Bailey noted it is 'early days' to observe the full effect.
- A prolonged period of higher costs could lead to squeezed corporate margins and price increases by some companies.
Bank of England Governor Andrew Bailey has indicated that it is currently 'early days' to fully understand the impact of energy prices on inflation. Bailey suggested that a lengthy period of elevated costs could result in corporate margins being squeezed.
Such a scenario might also prompt some companies to increase their prices.