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Bank of England's Bailey: 'More restrictive policy' could still be needed due to labor market shocks

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Summary
Nutrition label

78% Informative

Bank of England Governor Andrew Bailey will hail progress in dampening inflation in the U.K. in a Friday speech.

Headline inflation has "fallen sharply as energy and food price shocks in particular have fallen away," he will say.

But he will caution that monetary policy may need to remain restrictive for longer than expected due to shocks from the labor market.

VR Score

90

Informative language

97

Neutral language

46

Article tone

semi-formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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