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GBP/USD
GBP/USD
1.3552
+0.08% (+0.0011)
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Bailey is linking bond-market rate expectations directly to fears of another energy price shock. That suggests policymakers see energy costs, not just wages or demand, as a key driver of the current inflation outlook. Next up: MBA 30-Year Mortgage Rate.
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BoE Governor Bailey said the market's BoE rate curve reflects investor concern about further energy price rises.
Bailey is linking bond-market rate expectations directly to fears of another energy price shock. That suggests policymakers see energy costs, not just wages or demand, as a key driver of the current inflation outlook.
FinancialJuice·09/08, 08:43 PM
Bank of England Governor Bailey said risks to inflation are skewed to the upside.
FinancialJuice·09/08, 07:36 PM
A poll found all 65 surveyed economists expect the Bank of England to hold its bank rate at 3.75% in September.
FinancialJuice·09/03, 10:01 PM
BoE Deputy Governor Huw Pill said his own analysis points to a need to raise the bank rate to 4%.
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