- Analytics
- News and Tools
- Market News
- Bailey speech: There is evidence of encouraging progress on inflation
Bailey speech: There is evidence of encouraging progress on inflation
In an interview with BBC on Friday, Bank of England (BoE) Governor Andrew Bailey said that “There is evidence of encouraging progress on inflation, we have to be vigilant.”
Additional quotes
“I'm very relieved that inflation is no longer rising like it was last year. “
“Companies should bear in mind that BoE forecasts inflation will fall.”
“I do not have evidence that companies are putting prices up more than necessary.”
“Risk of recession this year has gone down quite a lot.”
“Pretty strong likelihood we will avoid recession this year.”
Market reaction
GBP/USD is unable to take advantage of the upbeat remarks from the BoE Chief amid expectations of a rate hike pause in May. The pair is losing 0.35% on the day to trade at 1.2240, as of writing. Markets await the UK PMIs for fresh impetus.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
