Bank of England Governor Andrew Bailey says Middle East energy shocks have pushed rate cuts off the table and that the BOE effectively tightened financial conditions without raising rates. He cautioned against inferring the central bank's next decision, noting officials have to assess pass-through risks. (Source: Bloomberg)
Bank of England Governor Andrew Bailey says Middle East energy shocks have pushed rate cuts off the table and that the BOE effectively tightened financial conditions without raising rates. He cautioned against inferring the central bank's next decision, noting officials have to assess pass-through risks. (Source: Bloomberg)
<iframe src="https://statesidedaily.com/embed/cluster/0d246098331138db09afb686fa1f915152b0c853" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="BOE Chief Says Energy Shock Delays 2% Inflation Target"></iframe>