LONDON, March 27 (Reuters) - Bank of England Governor
Andrew Bailey signalled on Monday that the central bank's
Monetary Policy Committee would focus on fighting inflation and
would not be swayed unduly by worries about the health of the
global banking system.
"With the Financial Policy Committee on the case of securing
financial stability, the Monetary Policy Committee can focus on
its own important job of returning inflation to target," Bailey
said in a speech at the London School of Economics.
He repeated the BoE's view that further monetary tightening
would be required if signs of persistent inflationary pressure
became evident.
(Reporting by William Schomberg and Muvija M., writing by Andy
Bruce)
Messaging: @brucereuters))
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