Following the Bank of England (BoE) decision to leave the monetary policy rate and Asset Purchase Facility unchanged at 0.1% and £ 895 billion respectively, the Governor of the BoE, Andrew Bailey, is making his comments on the outlook for monetary policy.
Key Comments:
“The labor market data is the most difficult to interpret.”
“We continue to think that the real unemployment rate is higher than reported.”
“The real unemployment rate is higher than reported.”
“There seems to be very high leverage among retail investors in the United States and elsewhere.”
“Retail trading platforms must be ready for margin calls.”
“This has the potential to disrupt the infrastructure of retail investors.”
About Andrew Bailey
Andrew Bailey is the Governor of the Bank of England. He took office on March 16, 2020, at the end of Mark Carney’s term. Bailey was serving as Executive Director of the Financial Conduct Authority prior to his appointment. This British central banker was also Deputy Governor of the Bank of England from April 2013 to July 2016 and Chief Cashier of the Bank of England from January 2004 to April 2011.
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