BoE Governor Bailey (Q&A) says inflation expectations remain elevated for households and businesses; as inflation comes off, that will feed through into expectations, and that will give greater confidence MPC is on track and then take further steps
BoE Governor Bailey's comments signal a cautious but optimistic outlook on inflation expectations, suggesting that as inflation declines, it will bolster confidence in the MPC's policy trajectory.
About six firms are considering US IG debt sales for Thursday, according to Bloomberg survey
BoE Governor Bailey (Q&A) says as we get closer to neutral, rate decisions become a closer call
BoE Governor Bailey (Q&A) says inflation expectations remain elevated for households and businesses; as inflation comes off, that will feed through into expectations, and that will give greater confidence MPC is on track and then take further steps
[MARKET UPDATE] Risk off trade entering the market as US equity futures slip, alongside strength in havens (USTs and JPY), but gold remains steady; without fresh newsflow
BoE Governor Bailey (Q&A) on why it didn't cut today, says MPC needs to see more evidence that inflation will sustainably return to target
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This hints at potential for future monetary tightening, particularly if inflationary pressures remain elevated. Traders should watch GBP and related asset classes closely for any signs of policy shifts reflecting heightened confidence from the BoE.
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