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...“It is all very well setting policy based on domestic inflationary dynamics,” he said, referring to recent comments by Bailey and Lagarde. He added: “I don’t think markets really believe them....
...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 . . ....
...“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.”...
...At a press conference with Bernanke, Andrew Bailey outlined the reservations of some MPC members about publishing an interest rate forecast....
...“I do think he can make it up,” said Bailey, who fundraised for Trump in 2020 and will again in 2024. “I don’t think he needs to, to win the election . . ....
...These are also conditional forecasts (although with underlying models I don’t like much)....
...The Bank says lots of things and, particularly if Bailey says them, people tend to listen....
...deaf ears at BoE / From Nicolas Padula and Hubert Kucharski, Leeds Policy Institute (student-run think-tank), Leeds, West Yorkshire, UK Bank of England financial stability is an issue too / From Sir John...
...Even at 77, there is no let-up for American composer John Adams....
...He was an inch away from you; he didn’t say a lot. It didn’t last for ever. He didn’t want anything either; Peter didn’t care about money....
...I don’t worry he will come in and think he will apply a Tesco culture to John Lewis.”...
...“Next, M&S and John Lewis — you wouldn’t want to be in that [middle] market and not be one of those brands, but can they all do well at the same time? asked Hyman....
...john.thornhill@ft.com...
...The very last two men to be executed, in November 1835, were James Pratt and John Smith....
...John Paul RathboneThat’s a very good question. And the answer is we don’t know because that kind of information about the stocks is classified....
...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”....
...“We’ve got some pretty big plans,” Bailey added....
...Truss has chosen the Bedingfeld Arms for lunch, a gastropub overlooking Oxborough’s partially ruined St John’s church, which collapsed after a storm in 1948....
...john.burn-murdoch@ft.com, @jburnmurdoch...
...It’s true to say that she is a weaker candidate than Bailey, but she has also faced less severe scrutiny than Bailey did....
...John Alty London E9, UK...
...I just don’t think the headline figures give a good guide to the persistence.” He added: “This is a long, slow process.”...
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