Bailey says BoE can pull off a soft landing for UK economy

LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Friday that the British central bank could deal with the fast rise in inflation without damaging the economy, but the path was a narrow one.

Asked at an International Monetary Fund event in Washington whether the BoE could pull off a “soft landing” for the economy, Bailey said: “Yes, but as I said it is a narrow path.”

“You can walk down a narrow path … but there is a lot of uncertainty around it which is why, I think, it is very clear to me, at each meeting we have we are going to have to come back to this judgement and see how it develops,” he added.

(Reporting by David Milliken; Writing by William Schomberg)