Newsquawk Logo

BoE's Pill: "I stand ready to act – if necessary – to contain the lasting components of any new inflationary pressures so as to deliver on the MPC’s price stability mandate over the medium term"

Newsquawk StaffPublished
Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

Go live — 7 days for $29.99
Go live — 7 days for £24.99
Go live — 7 days for €29.99

CNBC's Faber reports that the new Trian offer for Janus Henderson (JHG) will include a ticking fee

Russian Deputy Finance Minister says Russian ministry of finance is not considering adjusting the oil cut-off price for the current year

BoE's Pill: "I stand ready to act – if necessary – to contain the lasting components of any new inflationary pressures so as to deliver on the MPC’s price stability mandate over the medium term"

Jefferies (JEF) is not interested in selling right now, according to CNBC sources

Situation with Qatar LNG supplies can accelerate development of Argentine LNG projects, Tecpetrol CEO says

On the Newsquawk feed at , 20 minutes before this page.

Use the PlatformFree. No signup, no card.
  • "The fog of uncertainty in which we always operate cannot be an excuse for inaction. Uncertainty is always present (perhaps especially so of late), but the task of monetary policy makers is to provide clarity on their pursuit of the price stability objective in that uncertain world."
  • "...given the lags in monetary policy transmission and the immediacy with which direct and indirect effects influence CPI inflation, there are limits to what the MPC can do to dampen volatility arising through these channels at shorter horizons."
  • "I see the upside risks to price stability mounting as a result of events in the Gulf."
  • MPC is focused on second-round effects.
  • "Using the language of the Bayesian approach, I attach sufficient weight to the ‘structural change’ interpretation to conclude that propagation of both previous inflationary shocks and the new energy shock emanating from the Gulf is persistent enough to justify “caution” in the conduct of monetary policy."

Context

The Bank of England's Pill highlights a readiness to intervene in response to persistent inflationary pressures, particularly those stemming from new energy shocks linked to geopolitical events in the Gulf. His remarks indicate a cautious stance, suggesting that the MPC is preparing for potential second-round effects on inflation, which may influence rates in the medium term. Traders should consider this as a signal for potential policy shifts that could impact the GBP and broader market sentiment.

External

Related headlines

The feed had this first.

Use the Platform
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.