John Fahey: Bank of England re-accelerates the pace of tightening

There has been a notable firming in market rate expectations for the UK over the last number of weeks

Andrew Bailey, governor of the Bank of England: 'Inflation is still too high and we’ve got to deal with it.'

Inflation remains a key aspect of the discourse on the global economic outlook and the trajectory of interest rates. 

Indeed, with inflation still well above target, while labour market conditions remain tight, price dynamics continue to be front and centre of central banks' monetary policy deliberations.