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...“The reason that the supply shocks of the ’70s-’80s became entrenched was central banks didn’t understand the role of inflation expectations and the cost of living adjustments in many labour contracts,”...
...UK government bonds led a global rally on Tuesday as Bank of England governor Andrew Bailey told a parliamentary committee that the UK didn’t need inflation to come back to its 2 per cent target before it...
...“It’s like the Sherlock Holmes dog that doesn’t bark. If the second-round effects don’t come through, that’s good because monetary policy has done its job,” he said....
...“We aren’t holding out much hope for either,” admitted one Tory strategist. Campaigning by senior Conservatives has been low profile....
...We haven’t ignored that,” Bailey said. But he added: “The depth and breadth of the work we do will be trimmed back somewhat. We will focus on core financial stability risks . . ....
...I hadn’t seen it for a long time and really enjoyed it....
...“We don’t need obviously inflation to come back to target before we cut interest rates,” Bailey said. “I must be very clear on that, that’s not necessary.”...
...These are also conditional forecasts (although with underlying models I don’t like much)....
...I just don’t think the headline figures give a good guide to the persistence.” He added: “This is a long, slow process.”...
...Maralyn didn’t learn to swim; Maurice didn’t learn to socialise. Neither wanted children. They didn’t take a radio, so as to “preserve their freedom from outside interference”....
...“Their first rule is ‘don’t create a recession’ and the best way of starting a recession is tipping equities into a bear market,” he added....
...It’s true to say that she is a weaker candidate than Bailey, but she has also faced less severe scrutiny than Bailey did....
...Additional reporting by Mary McDougall Letter in response to this article: Expect more calls for rate cuts if pay and prices don’t pick up / From Richard Barwell, Head of Macro Research, BNP Paribas Asset...
...‘My Name Is Alfred Hitchcock’ is in UK cinemas from July 21...
...One official said: “To have people talking about recession in an election year isn’t good for Rishi Sunak. His selling point was supposed to be that he knew how to run the economy.”...
...If her previous album The Heart Speaks in Whispers flirted with the musical unknown (“You wouldn’t recognise me now,” Bailey Rae sang in an expansive moment), then Black Rainbows steps over the precipice...
...Built ingeniously around six themes — escape, desire, loneliness to name three — the film can’t be faulted on comprehensiveness....
...Alfred Nobel was an arms dealer. John Rockefeller ran an illegal oil monopoly. Cecil Rhodes was a racist and imperialist who established an entire British colony based on brutal exploitation....
...“I don’t think it’s time to declare it’s all over and say that we are sticking where we are for the moment . . . We have to remain evidence driven,” said Bailey....
...“That’s his Rosebud,” Leitman Bailey said, referencing the film Citizen Kane....
...“If we don’t raise rates now, high inflation could stick with us for longer” he said in a video posted on Twitter by the BoE’s official account....
...They are also already seeing a squeeze (rental growth is the highest on record) AND already spend more to keep a roof over their heads: Taken together, it doesn’t make renters hugely socially-desirable...
...“Who knows, maybe they’ll take the trash out on a regular basis too,” says Luke Bailey, chief executive of the US fintech Neon Money Club behind the dating app....
...Navy scientists in Hawaii dreamed up the SWAC concept in the 1970s, but it wasn’t until US-born hotelier Richard Bailey actually funded and built the system here in the early 2000s that a fully operational...
...I don’t care that much about money but I just need to have enough that I don’t care and I didn’t feel I had enough.” He could have consulted on projects? “I could....
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