BoE’s Bailey says getting inflation to 2% will be ‘hard work’
LONDON (Reuters) -Bank of England Governor Andrew Bailey said getting inflation down to the central bank’s 2% target will be “hard work” as most of its recent fall was due to the…
BoE’s Bailey opposes Treasury plan to overrule financial regulators – Sky News
(Reuters) – Andrew Bailey, the governor of the Bank of England, opposes plans drawn up by Britain’s Treasury to overrule financial regulators, Sky News reported on Saturday. Bailey has expressed disquiet about…
BoE’s Pill says rate rises are a blunt tool, cannot fine-tune sterling
By David Milliken and Andy Bruce LONDON – The Bank of England’s monetary policy must focus on its main goal of controlling inflation, rather than trying too hard to stabilise the exchange…
BoE’s Bailey: latest crypto turmoil reinforces concerns
LONDON – Bitcoin’s slump on Monday after major U.S. crypto lending company Celsius Network froze withdrawals should remind investors that most crypto-assets have no intrinsic value, Bank of England Governor Andrew Bailey…
BoE’s Saunders says neutral rate might be in 1.25-2.5% range
LONDON – Bank of England policymaker Michael Saunders said the neutral rate of interest – the level at which it neither stimulates nor restrains demand – might be somewhere in the range…
BoE’s Pill questions if QE is best tool to tackle market dysfunction
LONDON – Quantitative easing may be the wrong tool to tackle any future episodes of bond market turmoil, especially given how high inflation is now, Bank of England Chief Economist Huw Pill…
BoE’s Cunliffe says Russia crisis will add to risks from rates shift
By William Schomberg LONDON -Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to risks in financial markets which have already been made…
Ukraine invasion worsens UK inflation trade-off – BoE’s Tenreyro
LONDON -The surge in energy prices caused by Russia’s invasion of Ukraine will hurt British economic growth as well as raising short-term inflation pressures, Bank of England policymaker Silvana Tenreyro said on…
BoE’s Saunders says Ukraine impact on rate decisions unclear
By William Schomberg and David Milliken LONDON -Bank of England policymaker Michael Saunders said Russia’s invasion of Ukraine is likely to push Britain’s soaring inflation higher, but that it is too soon…
BoE’s Tenreyro sees case for small increase in rates
By David Milliken LONDON – Bank of England policymaker Silvana Tenreyro said on Wednesday that she – like other BoE policymakers – saw a case for higher interest rates to tackle inflation…
BoE’s Bailey speaks to lawmakers about rate hike decision
LONDON – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Wednesday about their decision earlier this month to raise interest rates…
UK in most challenging time for monetary policy since 1992: BoE’s Broadbent
LONDON – Britain is in the midst of its most challenging period for monetary policy since it started to target inflation 30 years ago, Bank of England Deputy Governor Ben Broadbent said…
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