BoE’s Bailey Says Uncertain Outlook Demands Careful Approach to Rate Cuts

BoE’s Bailey says uncertain outlook demands careful approach to rate cuts

By Padraic Halpin DUBLIN (Reuters) -Bank of England Governor Andrew Bailey said on Thursday that the central bank’s “gradual and careful” approach to future interest rate cuts was justified by ongoing uncertainty about the global trade picture and its impact on domestic inflation. “Reading that is very hard at the moment…. It’s why we keep using, as you know, these terms ‘gradual and careful’ in our approach,” he said in a question and answer se…

Bank of England MPC member can see ‘more risk piling up’ amid global developments - London Business News

A member of the Bank of England’s Monetary Policy Committee has said he is concerned about the UK’s economic outlook. Alan Taylor has suggested that he will look to cut… The post Bank of England MPC member can see ‘more risk piling up’ amid global developments appeared first on London Business News

Bank of England’s Bailey says uncertain outlook demands careful approach to rate cuts

Bank of England Governor Andrew Bailey said on Thursday that the central bank’s “gradual and careful” approach to future interest rate cuts was justified by ongoing uncertainty about the global trade picture and its impact on domestic inflation.