UK nearing top of rate cycle, Bailey says
MPC member Swati Dhingra says producer prices could herald rapid decline in headline figure
Bank of England governor Andrew Bailey has said the BoE is approaching the point where it could keep interest rates on hold.
There was a time after the Russian invasion of Ukraine when it was “clear rates needed to rise”, Bailey told UK lawmakers on September 6. The question then was how much and over what time scale they needed to rise. “We’re not in that phase anymore,” he said to the parliamentary Treasury Committee.
Bailey declined to speculate on the outcome of the next monetary policy
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Bank of Mexico puts growth before prices with rate cut
Economists say decision reflects concerns about possible tariff-induced recession
Dallas Fed study adds to official scepticism of US tariffs
Research says potential for domestic gains will depend on other countries not responding
Korean officials argue for stablecoin authorisation body
Central bankers warn of currency substitution and monetary policy risks
Tariffs already raising US inflation – Fed study
Researchers say trade policies were starting to affect consumer prices in March
Eurozone monetary policy must remain ‘firmly’ neutral – Schnabel
ECB board member cautions against overreacting to undershooting
Global reset is testing emerging markets – Gopinath
IMF’s deputy managing director says small economies must be ready to respond forcefully to inflation
Peru cuts by 25bp in surprise move
Policy rate now approaching level “estimated as neutral”, central bank says
Albania, Norway, Sweden hold rates, Poland cuts by 50bp
Falling food and energy prices amid high trade uncertainty prompt cautious approaches