Bank of England Governor Andrew Bailey on Saturday brought attention to the underlying causes of inflation in the United Kingdom.
He said that the inflationary pressure in the UK may warrant a tougher move on interest rates by the central bank than August projections showed, noting that a "stronger response" may be necessary in November.
Talking about Jeremy Hunt, Britain's newly elected finance minister, Bailey said he and the official held "a very clear and immediate meeting of minds" on "the importance of fiscal sustainability."
