BOE's Bailey: Last policy decision was a tight one

<ul><li>Future decisions will continue being tight</li><li>Policy is restrictive and it has to be</li><li>Sees progress on inflation but there is still work left to do</li></ul><p>A <a href="https://www.forexlive.com/centralbank/boe-leaves-bank-rate-unchanged-at-525-vs-550-expected-20230921/" target="_blank" rel="follow">4-5 vote</a> is as tight as can be but in all likelihood, the BOE is done unless there is a surprise higher in the inflation numbers in the months ahead. I mean considering the state of the economy, they are risking playing with fire and risking a hard landing now.</p>

This article was written by Justin Low at www.forexlive.com.