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Governor of the Bank of England on interest rates and rising prices
Andrew Bailey says companies rising prices are risking driving up the cost of living
The Bank of England has raised interest rates again after inflation rose unexpectedly this week. Andrew Bailey, Governor of the Bank of England, told Today鈥檚 Sean Farrington that companies who raised prices risked driving up the cost of living, hurting those that can least afford it.
Sean also discusses with Mr Bailey the health of the UK economy and how to guard against a run on the banks in an age of social media and online banking.
(Image Credit: EPA-EFE/REX/Shutterstock)
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