Economy

Bailey hears from Hunt, UK finance minister, that he has reaffirmed BoE independence By Stocksak


© Stocksak. FILE PHOTO A general view of London’s Bank of England (BoE), August 4, 2022. REUTERS/Maja Smiejkowska/File Photo

LONDON, Stocksak – British finance minister Jeremy Hunt met Andrew Bailey from the Bank of England on Tuesday. He reaffirmed his commitment towards the central bank’s independence and its inflation target.

“Both agreed on working closely to restore confidence, stability and the UK economy,” the financial ministry stated in a statement.

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