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Transcripts for BBCNEWS BBC News 20220119 14:28:00

inflation, so whereby you start to worry about inflation, you demand a pay rise to compensate that, now your bosses costs compensate that, now your bosses costs have compensate that, now your bosses costs have gone up and they need to pass those costs have gone up and they need to pass those on and it ends up in a dangerous pass those on and it ends up in a dangerous spiral. what the bank of england dangerous spiral. what the bank of england want to do is make sure we don t england want to do is make sure we don t get england want to do is make sure we don t get into that situation and to don t get into that situation and to do that, don t get into that situation and to do that, of don t get into that situation and to do that, of course, their primary tool do that, of course, their primary tool is do that, of course, their primary tool is to do that, of course, their primary tool is to rise into interest rates. we expect tool is to rise into interest rates. we e

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