Reply To: Bank of England Raises Interest Rates Fourth Time to 1.00% and Forecast 10% Inflation and Recession Early in 2023


BOE governor, Andrew Bailey

There is a debate on whether to move gradually or do a larger move to send a message
It is reasonable to have this debate
But own view is that to take a more cautious step
High price of internationally traded goods has persisted for longer than anticipated
If there is any military action in Ukraine, that would be an upward risk for energy prices
We are seeing some evidence that supply chain difficulty is easing but we need to see a lot more
Fall in labor market participation has contributed to tighter labor market

Ramsden: BOE surveys show businesses think they can push higher costs on to consumers

  • This reply was modified 2 years, 5 months ago by TradersCom.