Faced with ongoing volatility in the oil market, Bank of England Governor Andrew Bailey and his colleagues are trying to strike a path that’s tough on inflation without harming growth and jobs. To do so, they’re taking a history lesson in football.
Faced with ongoing volatility in the oil market, Bank of England Governor Andrew Bailey and his colleagues are trying to strike a path that’s tough on inflation without harming growth and jobs. To do so, they’re taking a history lesson in football.
Andrew Bailey, governor of the Bank of England, at The Investment Association annual conference in London, UK, on Thursday, June 4, 2026. The BOE is considering whether it needs to hike interest rates to contain the threat of another period of prolonged high inflation.