The governor of the Bank of England (BOE), Andrew Bailey, said late on Thursday that the main drivers behind the main reference rate of the BOE remains the economic needs of the United Kingdom, not external factors such as tariff policies of the Trump administration.
Key aspects
Raising the potential growth rate of the United Kingdom is critical.
We adopt a gradual and careful approach since the economy is difficult to read.
We spend a lot of time examining the risks of market fragilities, including bonds.
It is not useful to ask if the dollar will remain the reserve currency, there may be some rebalancing but it is not close to the dollar losing its status.
Uncertainty about fees cuts is prevailing.
The United Kingdom labor market data is quite aligned with our expectations.
Evidence about the United Kingdom is in line with our expectations.
The problems of the United Kingdom are key promoters of politics.
The needs of the United Kingdom, not tariffs and trade, will be the main driver of the United Kingdom rates.
Strengthening in food inflation but is not the only factor.
The salary increase tendency is still slow.
The less volatile segments of the United Kingdom inflation are gradually decreasing, very slowly.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
