BoE´s Bailey: Alert to any signs of persistent inflationary pressures

FX

Share:

Bank of England’s Andrew Bailey has crossed the wires and said that the central bank has to be very alert to any signs of persistent inflationary pressures.

Key notes

If they become evident, further monetary tightening would be required.
    
MPC´s response will be firmly anchored in the emerging evidence.
    
Evidence has pointed to more resilient activity in the economy.

We have seen some big strains in parts of the global banking system emerge.
  
Rise in inactivity driven by early retirement seems likely to have contributed to a rise in cyclical r-star rate
    
This is part of the reason why we have had to raise the bank rate by as much as we have.

GBP/USD is gravitating toward $1.2300 ahead of the release of the UK’s Gross Domestic data on Friday.

Articles You May Like

GBP/JPY remains on the back foot below 197.00 amid intervention fears
Russian central bank surprises markets by holding key rate at 21%
Dollar Firm Despite Durable Order Miss, Aussie Awaits RBA Minutes
US stocks falling sharply with the S&P and the Nasdaq now down over 1%
Key Fed inflation measure shows 2.4% rate in November, lower than expected

Leave a Reply

Your email address will not be published. Required fields are marked *