Today news
About the same in other media
Bank of England's Andrew Bailey: Rate cuts are 'in play' for MPC meetings this year
Reading now: 904
investmentweek.co.ukIn an interview with the FT, he said the situation was more positive as tighter monetary policy has reduced the risk of a wage-price spiral. Bailey argued that policymakers do not need to wait until wage growth halves from its current level of 6.2% for rate cuts to occur, as he is not concerned about the inflationary risk because «monetary policy has done its job». «You need to have confidence that it is heading in that direction,» he said. Andrew Bailey: No need for inflation to come back to 2% target before cutting rates Bailey also spoke on the market pricing in multiple cuts fo...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Rising oil prices may affect timing of Bank of Canada rate cuts, economists say financialpost.com /8 months ago
Stocks, bonds gain as Powell signals rate cuts are ahead investmentnews.com /8 months ago
Fixed deposit news: Bank of India revises FD rates. How they compare with SBI, ICICI, HDFC Bank livemint.com /8 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
