London | Bank of England governor Andrew Bailey has hit back at his government critics, including Prime Minister Liz Truss, who have accused the bank of failing to start raising interest rates early enough to choke off inflation.
He also launched a front-foot defence of the bank’s £68 billion ($122 billion) rescue mission in the long-dated government bond market.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
