BOE’s Bailey Says Goal Is to Curb Inflation, ‘No Ifs or Buts’

Bank of England Governor Andrew Bailey said policy makers are prepared to move borrowing costs higher in bigger steps to control inflation, his most explicit comment yet on the scale of tightening under consideration.

Bailey said the BOE’s aim is to bring inflation back to the 2% target, and there’s “no ifs or buts” about that goal. Answering questions after a speech, he said “we want people to see that there are more options on the table than another 25 basis points.”