The Governor of the Bank of England (BoE), Andrew Bailey, He delivers his speech on the outlook for monetary policy and answers questions from the press after the bank’s decision to raise the official interest rate by 50 basis points, to 4%, in February.
Main conclusions
“Businesses tell us that consumers are becoming more resistant to rising prices.”
“Businesses say they expect wage demands to ease through 2023.”
“It is important that we have a sustainable fiscal policy.”
“We welcome the government’s focus on boosting the activity rate.”
About Andrew Bailey (via bankofengland.co.uk)
“Andrew Bailey previously served as Deputy Governor, Prudential Regulation and Chief Executive of the PRA from April 1, 2013. While retaining his position as Chief Executive of the Bank, Andrew joined the Financial Services Authority in April 2011 as Deputy Head of the Prudential Business Unit and Director of UK Banks and Building Societies In July 2012 Andrew became Managing Director of the Prudential Business Unit, with responsibility for the prudential supervision of banks, banks investment and insurance companies. Andrew was appointed a voting member of the Interim Committee on Financial Policy at its June 2012 meeting.”
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.
