Hints and tips:
...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...
...Bailey’s sanguine tone came even after official data released in London the same day gave traders pause for thought....
...“I am looking for more sustained progress on those three things,” Bailey said in a hearing before the Treasury select committee. “We have seen, I think, encouraging signs on them.”...
...Andrew Bailey said during a visit in Washington that the UK remained “pretty much on track” compared with the BoE’s February inflation forecast, adding that he expected a further sharp drop to price growth...
...Bailey confirmed that the fan chart was likely to “get retired” in the aftermath of the review....
...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....
...UK government bonds led a global rally following Bailey’s comments....
...“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 . . ....
...“We’ve got some pretty big plans,” Bailey added....
...“In recent weeks we’ve seen further encouraging signs that inflation is coming down,” said Bailey after the meeting....
...“In recent weeks we’ve seen further encouraging signs that inflation is coming down,” Bailey said....
...Haskel’s comments came after BoE governor Andrew Bailey last week told the FT that interest rate cuts were “in play”....
...Jack Bailey, a political scientist at the University of Manchester, said the Truss episode would have a lasting impact similar to the crisis in 1992 over the UK’s ejection from the Exchange Rate Mechanism...
...Andrew Bailey told MPs that investors were putting “too much weight” on current data releases that show a fall in headline inflation....
...Governor Andrew Bailey said last year there were “very big lessons to learn” after the central bank failed to forecast high and persistent inflation, which reached a peak of 11.1 per cent in October 2022...
...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....
...“It is a problem,” BoE governor Andrew Bailey told the Lords economics committee last week....
...Andrew Bailey, BoE governor, suggested this week that the UK was seeing signs of an economic “upturn” after the weakness at the end of last year....
...However, one member, Swati Dhingra, called for an immediate, quarter-point cut — saying inflation is on a “firm downward trajectory”.Andrew Bailey, BoE governor, said the bank had seen “good news on inflation...
...In his testimony to the committee, Bailey said the BoE’s current policy approach should be sufficient to get inflation back to its 2 per cent target over time....
...It also increases the cost of market functioning,” Bailey said....
...But Bailey, unlike Powell, painted a portrait of a decidedly sickly economy....
...The MPC last week held the bank’s key rate at 5.25 per cent and governor Andrew Bailey signalled that the bank was ready to start easing policy but not until it had more evidence that inflation is heading...
...“Inflation remains too high, and we need to make sure we get it all the way down to the [BoE’s] 2 per cent target,” Bailey said at an event organised by the National Farmers’ Union....
...BoE governor Andrew Bailey said after the meeting that the central bank had seen “good news on inflation over the past few months”....
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