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...Andrew Bailey, BoE governor, struck a gloomy note on the eve of the Autumn Statement as he warned that despite slowing growth, financial markets were underestimating the persistence of UK inflation, which...
...When George Orwell visited Sheffield in March 1936 he was horrified. It “could justly claim to be called the ugliest town in the Old World” he wrote in The Road to Wigan Pier....
...FSCS chair Marshall Bailey is due to step down in April 2024; the timeline allows his successor to find the permanent chief executive....
...BoE governor Andrew Bailey said on Tuesday that inflation was “taking a lot longer” than hoped to come down, and a central bank survey found that public confidence in its ability to control inflation had...
...Bailey’s comments came after a speech focusing on financial regulation, and he did not give any new steers on the outlook for interest rates....
...Bailey said rate cuts were “in play” at future BoE meetings this year adding that the fight against inflation was “an increasingly positive story”....
...Bailey has argued that people should not put “too much weight” on whether the economy contracted slightly for two successive quarters in the second half of 2023....
...But this week Andrew Bailey, BoE governor, warned against putting “too much weight” on the economy slipping into a technical recession as it was expected to be “very shallow”....
...We’ll continue to watch the data closely, and take the decisions necessary to get inflation all the way back to 2 per cent,” Bailey said....
...Andrew Bailey, Bank of England governor, said Darling was “a dedicated public servant in the very best sense” who “steered the British economy ably during a time of great uncertainty”....
...“It is a problem,” BoE governor Andrew Bailey told the Lords economics committee last week....
...The BoE’s Monetary Policy Committee last week held rates at a 15-year high of 5.25 per cent as Andrew Bailey, the bank’s governor, said there was “still some way to go” before inflation reached its 2 per...
...Bailey said he expects UK headline inflation to “fall markedly over the rest of the year” due to lower energy prices....
...The comments were later echoed by Bank of England governor Andrew Bailey, who added that “upside risks” to inflation remained....
...George Steer...
...Bailey said inflation would continue to fall but cautioned there was “no room for complacency” and BoE officials did not wholly rule out another rate rise in the months to come....
...The sentence “He responded by lampooning the couple in his 1911 novel The New Machiavelli as Altiora and Oscar Bailey, a pair of short-sighted, bourgeois manipulators” is matched word for word....
...However, as Bank of England governor Andrew Bailey reminded MPs on Tuesday, inflation is still stubbornly well above the official 2 per cent target and interest rates are likely to be at an elevated level...
...“As I’m afraid this morning’s numbers illustrate, we’ve got a very tight labour market,” Bailey said....
...Andrew Bailey, governor of the Bank of England, warned on Wednesday it was “too early” to think about rate cuts, days after his chief economist Huw Pill suggested it was reasonable for markets to expect...
...Bailey suggested rates might be close to their peak, saying repeatedly there was “more than one path” that could bring inflation sustainably back to its target....
...The currency moves came after Andrew Bailey suggested expectations that UK rates could rise to 4.75 per cent by the end of the year were overblown....
...Additional reporting by George Steer in London...
...Presumably this mystery box approach would stretch to Andrew Bailey leading a singalong at an MPC press conference, or Jerome Powell popping up on SNL....
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