The Governor of the Bank of England, Andrew Baileyspeaks on the economic policy outlook at the annual ECB Forum on Central Banking.
Featured Statements
“The task is to return to low inflation“.
“We’re getting hit by a very large real revenue shock.”
“If we see a greater persistence of inflation, we will have to act with more force“
“The situation leaves options on the table.”
For her part, the head of the European Central Bank, Christine Lagarde, pointed out that “the recovery of services is underway, supporting the economy”. Subsequently, she added that “the hopeful fiscal policy will be aimed at supporting the most vulnerable, not broad segments of the population”
market reaction
The GBP/USD still under downward pressure, hurtling to 2-week lows at 1.2120. At time of writing, the pair is trading above 1.2121, shedding 0.51% on the day.
Source: Fx Street
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