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Andrew Bailey - 2 Jerome Powell - 2 Bailey - 1 Christine Lagarde - 1 Powell - 1 Lagarde - 1 England's Bailey - 1 Philip Lane - 1
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Search resuls for: "England's Bailey"


6 mentions found


☆ Bank of England's Bailey: 'More restrictive policy' could still be needed due to labor market shocks
  + stars: | 2024-08-23 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
Andrew Bailey, governor of the Bank of England, waits to deliver a lecture at the London School of Economics in London, UK, on Tuesday, May 21, 2024. Bank of England Governor Andrew Bailey will hail the progress made in dampening inflation in the U.K. in a Friday speech, but also caution that monetary policy may need to remain restrictive for longer than expected due to shocks from the labor market. Headline price rises in the U.K. hit the BOE's 2% target for two months this year, before rising to 2.2% in July. However, he will caution that two less "benign" scenarios remain possible that will require the Bank of England to "maintain restriction for longer." It comes after Federal Reserve Chair Jerome Powell on Friday gave his firmest comments yet indicating that interest rate cuts lie ahead for the world's biggest central bank, stating: "The time has come for policy to adjust."
Persons: Andrew Bailey, Bailey, Jerome Powell Organizations: Bank of England, London School of Economics, U.S, Bank of Locations: London, U.S . Federal, Jackson Hole , Wyoming, Bank of England
☆ Europe markets cautiously higher as central bankers talk of more hikes; H&M surges 15%
  + stars: | 2023-06-29 | by ( Elliot Smith Jenni Reid | Elliot Smith | Jenni Reid | ) www.cnbc.com   time to read: +2 min
European stocks were cautiously higher Thursday as investors assessed commentary from leading central bankers on the need to continue the fight against inflation. The pan-European Stoxx 600 nudged 0.3% higher by late morning, with retail stocks adding 1.7% to lead gains while travel and leisure stocks fell 0.4%. A further message from the conference this week has been on market pricing of swift interest rate cuts from the ECB. The Stoxx 600 closed 0.7% higher Wednesday after staging a cautious turnaround from six straight negative sessions on Tuesday. U.S. futures were slightly higher as banks rose after passing the Federal Reserve's annual stress test.
Persons: Christine Lagarde, Andrew Bailey, Jerome Powell, Powell, Lagarde, England's Bailey, Philip Lane, Chipmakers Organizations: CNBC, European Central Bank, Wednesday, Bank of England, Federal, ECB, Journal Locations: Sintra , Portugal, U.S, China, Asia, Pacific
☆ Bank of England's Bailey speaks to lawmakers after hint of rate hike pause
  + stars: | 2023-02-09 | by ( ) www.reuters.com   time to read: +1 min
Below are quotes from Bailey and his colleagues in a question-and-answer session with parliament's Treasury Committee. BAILEY ON PERSISTENCE OF INFLATION"We are concerned about persistence (of inflation) and that's why, frankly, we raised interest rates this time... BAILEY ON PAY DEMANDS"What I would urge is that - particularly going forwards because we think inflation is going to fall very rapidly - that is taken into account." CHIEF ECONOMIST HUW PILL ON POLICY TIGHTENING"It's crucial to see it through, that we do enough to address potential upside risks to inflation." Reporting by William Schomberg, Suban Abdulla, and Sarah Young; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
☆ Bank of England's Bailey speaks after rate increase
  + stars: | 2022-11-03 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Governor of the Bank of England Andrew Bailey, Sebastian Walsh and Dave Ramsden attend the Monetary Policy Report News Conference at The Bank of England, in London, Britain November 3, 2022. Below are quotes from Governor Andrew Bailey and other top officials from the British central bank who were speaking at a news conference. BAILEY ON INFLATION EXPECTATIONS"We can't make promises about future interest rates but based on where we stand today, we think Bank Rate will have to go up by less than currently priced in financial markets." "The central projections conditional on the market implied path of Bank Rate serve as a reminder that we should not increase Bank Rate too far. The MPC judges that the path of the Bank Rate required to return inflation sustainably to target is shallower than that priced into financial markets."
☆ Bank of England's Bailey says he and Hunt had "meeting of minds" on public finances
  + stars: | 2022-10-15 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, Oct 15 (Reuters) - Bank of England Governor Andrew Bailey said he and Britain's new finance minister Jeremy Hunt had agreed on the need to repair the country's public finances after the tax cut plans announced by Hunt's predecessor triggered bond market turmoil. "I can tell you that I spoke to Jeremy Hunt, the new Chancellor, yesterday and I can tell you that there was a very clear and immediate meeting of minds between us about the importance of fiscal sustainability and the importance of taking measures to do that," Bailey said in Washington on Saturday. "Of course there was an important measure taken yesterday," he said. British Prime Minister Liz Truss said on Friday that the country's corporation tax rate would increase, abandoning her plan to freeze it at current levels, and government spending would rise by less than previously planned. Register now for FREE unlimited access to Reuters.com RegisterReporting by Howard Schneider in Washington Writing by William Schomberg; editing by Michael HoldenOur Standards: The Thomson Reuters Trust Principles.
☆ Bank of England's Bailey tells pension funds they have 3 days to rebalance
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +1 min
WASHINGTON, Oct 11 (Reuters) - Bank of England Governor Andrew Bailey told pension fund managers to finish rebalancing their positions by Friday when the British central bank is due to end its emergency support programme for the county's fragile bond market. We think the rebalancing must be done," Bailey said at an event organised by the Institute of International Finance in Washington on Tuesday. "And my message to the funds involved and all the firms involved managing those funds: You've got three days left now. But Bailey stressed that the programme was part of the BoE's financial stability operations, not a monetary policy tool, and had to be temporary. "Things seemed calmer again today," Bailey said, referring to conditions in the gilt market.
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