- Analytics
- News and Tools
- Market News
- Bailey speech: Bringing inflation down to 2% will be hard work
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.
© 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
