LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Thursday he would forgo a pay rise for a third year in a row after he urged people in Britain to show wage restraint in the face of fast-rising inflation. Bailey said he had turned down a 1.5% pay rise in an interview with Channel 4 News after the BoE predicted inflation would hit 10% later this year and raised interest rates again, even as it said the economy would shrink in 2023. “The Board asked me, and I said I think the best thing is that I don’t do that. “I don’t want to preach to people about what they should and shouldn’…