Bank of England Governor Andrew Bailey told CNBC on Thursday that the central bank is focused on the possible "growth shock" from tariffs imposed by the administration of United States President Donald Trump, but noted he doesn't think the United Kingdom is close to a recession at the...
Bank of England Governor Andrew Bailey said on Wednesday that, seeing as the United Kingdom is an "open economy," its relations with the United States are not the only thing that matters, but also the US relations with the rest of the world."The UK is a very open economy, and therefore, it's not...
Bank of England Governor Andrew Bailey stated Monday that the UK is not expected to return to its 2% inflation target until 2027.Speaking at the University of Leicester, Bailey addressed the long-term challenges facing economic growth and monetary policy, pointing to persistent weak...
Bank of England (BoE) Governor Andrew Bailey stated on Wednesday that the second-round effects of inflation are "less likely" given the weakening economy in the United Kingdom."We do expect and are beginning to see a pickup in inflation, [but] it's nothing like we saw a few years ago," he...
Bank of England Governor Andrew Bailey underscored on Tuesday that the United Kingdom is at the moment experiencing an environment of "weak growth," stressing the challenge of pinpointing whether the slowdown stems from supply-side constraints or weak demand.Speaking at Bruegel, a...
Bank of England (BoE) Governor Andrew Bailey said on Tuesday that central banks are underestimating recent changes in financial markets, warning that their pace does not seem to be slowing down. He argued that central banks, which are responsible for ensuring financial stability, must...
Bank of England's (BoE) Deputy Governor for Monetary Policy Clare Lombardelli stated on Thursday that the bank is standing behind the United Kingdom's structural reforms revealed by Chancellor of the Exchequer Rachel Reeves last week.Lombardelli elaborated that the central bank remains...
Bank of England (BoE) Governor Andrew Bailey pointed out on Thursday during the press conference following the central bank's monetary policy decision that the institution is unable to predict the impact of the United States' newly imposed tariffs on the British economy due to their "long term...
Bank of England (BoE) Governor Andrew Bailey stated on Thursday that the bank expects further rate cuts despite the expected temporary pickup in inflation.In a press briefing following the release of BoE's decision to further cut rates by 25 basis points, Bailey remarked that while inflation in...
Bank of England (BoE) Governor Andrew Bailey stressed on Wednesday that the growth rate of the economy in the United Kingdom must be raised. Speaking at a Treasury Select Committee hearing, Bailey noted that he has been "very supportive of the work" of both the current and previous...
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