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Bank of England's Bailey says 'not going to rush' judgements on rate rises, BBC reports
Andrew Bailey said the central bank is weighing a major energy shock and waiting for clearer evidence before acting, with inflation seen near 4%, the IMF said.
- Bank of England governor Andrew Bailey said the central bank is 'not going to rush' judgements on raising interest rates, according to a BBC report.
- Bailey said there are 'difficult judgements to be made' and 'a lot of uncertainties' around how the conflict in Ukraine will play out and affect the UK economy.
- Bailey noted that the UK's 'strong dependency on gas' as an energy source means there would be a 'significant impact' from the conflict, and the 'faster there is a resolution... the easier and better the outcome will be.
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Bank of England's Bailey says 'not going to rush' judgements on rate rises, BBC reports
The Bank of England was "not going to rush to judgements" on interest rate rises, Governor Andrew Bailey told BBC News, as global central banks contend with an energy price shock driven by the Iran war.
·United Kingdom
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Coverage Details
Total News Sources13
Leaning Left5Leaning Right2Center5Last UpdatedBias Distribution42% Left, 42% Center
Bias Distribution
- 42% of the sources lean Left, 42% of the sources are Center
42% Center
L 42%
C 42%
R 16%
Factuality
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