Bailey speech: Path of inflation forecasts is not unreasonable given scale of shocks – by eren_fxstreet BOE CentralBanks
and responding to questions from the press following the bank's decision to hike the policy rate by 25 basis points to 4.5% in May."We push back on some arguments that say underlying cause of high inflation is down to past monetary policy.""Path of inflation forecasts is not unreasonable given scale of shocks.""Transmission mechanism of UK monetary policy via mortgage market has changed so much over time.""That is very lively subject of debate on MPC.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Andrew Bailey speech: Bank of England press conference crucial for Pound Sterling directionAndrew Bailey, Governor of the Bank of England, will speak in a press conference 30 minutes after the BoE interest rate decision is released on Thursd
Read more »
Bank of England set for 12th straight interest rate hike, but the outlook remains murkyThe Bank of England is expected to hike interest rates for the 12th consecutive meeting on Thursday as inflation continues to run hot.
Read more »
Bank of England poised to raise rates again to tackle stubborn inflationThe Bank of England (BoE) is poised to raise borrowing costs for the 12th meeting in a row on Thursday, as it tries to tackle stubbornly high inflation that stands at double the level of the United States and much higher than in the euro zone too.
Read more »
Bank of England Raises Interest Rates by Quarter PointThe U.K. central bank signaled more increases are possible and now expects the economy to grow this year, having previously forecast a contraction.
Read more »
Bank of England hikes rates by 25 basis points, no longer sees recessionThe Bank of England on Thursday hiked interest rates by 25 basis points and upgraded its projections for the U.K. economy.
Read more »
Silicon Valley Bank regulators failed to assess collapsed bank’s risks: reportSilicon Valley Bank regulators failed to identify and assess fast-expanding risks and hazards that doomed the tech-oriented financial firm.
Read more »