Bailey rejects criticism of BoE’s handling of inflation

Andrew Bailey fought back on Monday against critics of the Bank of England’s handling of inflation, insisting that the central bank had not allowed the economy to overheat and was treading a “narrow path” to contain price rises without triggering a recession.

The BoE governor, speaking at a conference in Vienna, said he rejected the argument that the monetary policy committee had allowed demand to get out of hand and stoked…