- This topic has 2 replies, 2 voices, and was last updated 11 months ago by
.
- Posts
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 marketRamsden: BOE surveys show businesses think they can push higher costs on to consumers
Does Bank of England actually have a plan?
BOE’s Bailey late comments after today’s rise:
It made sense for the BOE to move in 25 bps increments
There is no end goal for balance-sheet reductions
We will have to feel our way when it comes to selling giltsThe Bank of England MPC at its May meeting raised the bank rate by 25 bps from 0.75% to 1.00%, as expected. The vote was 6-3 vs 8-1 expected (Haskel,
[See the full post at: Bank of England Raises Interest Rates Fourth Time to 1.00% and Forecast 10% Inflation and Recession Early in 2023]
- You must be logged in to reply to this topic.