Today news
About the same in other media
BoE's Andrew Bailey warns Budget tax hikes add 'uncertainty' for interest rate cuts
Reading now: 298
Speaking to members of the Treasury Select Committee earlier today (19 November), Bailey said the increase in employers' national insurance contributions (NICs) announced by Chancellor Rachel Reeves in her inaugural Budget was «one of the biggest uncertainties ahead» for monetary policy. As such, «a gradual approach to removing monetary policy restraint will help us to observe how this plays out, along with other risks to the inflation outlook», the BoE governor said. «There are different ways in which the increase in employers' national insurance contributions announced in the Autu...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
BoE's Andrew Bailey: We must rebuild UK-EU relations as global economy fragments investmentweek.co.uk /4 days ago
Wall St indexes end lower after Powell erodes hopes for December rate cut economictimes.indiatimes.com /4 days ago
UK set to create new pension megafunds with aim of unlocking $100 billion for investment abcnews.go.com /5 days 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.
