Bailey speech: Bringing inflation down to 2% will be hard work
In an interview with Chroniclelive on Monday, Bank of England (BoE) Governor Andrew Bailey said that “bringing inflation down to 2% will be hard work.”
“A lot of inflation's recent decline is due to the unwinding of energy cost surge,” Bailey added.
Additional comments
It's too early to have discussion about cutting rates.
It does concern me that the supply side of the economy has slowed.
Market reaction
GBP/USD maintains its position near two-month highs of 1.2628 on Bailey’s comments. The pair is up 0.15% on the day.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.