The Governor of the Bank of England (BOE), Andrew Baileyis testifying alongside several members of the Monetary Policy Committee (MPC) on inflation and the economic outlook before the European Parliament’s Treasury Committee on Wednesday.
Featured Statements
Putin is putting the UK into recession, not the BoE’s Monetary Policy Committee.
There is a very real risk that high headline inflation will fuel persistent pricing.
Short-term inflation expectations have risen substantially, which is not necessarily surprising.
We must be very attentive to the upward movement of inflation expectations in the medium and long term.
market reaction
GBP/USD maintains its range around 1.1485 on Bailey’s statement. The pair is down 0.23% on the day at time of writing.
Source: Fx Street
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