LONDON (Reuters) - New British finance minister Kwasi Kwarteng said on Thursday that he expected the Bank of England to take the forceful action necessary to contain inflation, in a letter to the central bank's governor, Andrew Bailey.
LONDON (Reuters) – New British finance minister Kwasi Kwarteng said on Thursday that he expected the Bank of England to take the forceful action necessary to contain inflation, in a letter to the central bank’s governor, Andrew Bailey.
“It is essential to businesses and households across the country that inflation is brought back to target, and I know and expect that the MPC will continue to take the forceful action necessary to achieve this and to ensure inflation expectations remain firmly anchored,” Kwarteng wrote.
Kwarteng said he was focused “unashamedly” on growing the economy, adding there would be robust fiscal discipline in the medium term.
(Reporting by William James, writing by Andy Bruce; editing by David Milliken)
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: