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BOE's Bailey: we are approaching the point when we should be able to pause

BOE's Bailey: we are approaching the point when we should be able to pause
Fed's Bailey speaking to Bloomberg it says:We are approaching the point when we should be able to let level of rates restWe have not yet seen evidence that allows us to be sure rates can stay on holdThe Bank of England raised rates to 4.5% from 4.25% today.Hike marks the 12th consecutive increaseBank Rate at highest level since 2008Bailey said BoE will "stay the course" on inflationGrowth forecast received biggest upgrade since 1997BoE no longer predicts a recessionInflation expected to fall mor... Read More
Posted: May 11 2023, 15:11
Author Name: forexlive
Views: 102291

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