Tag Archives: Andrew Bailey

The UK economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine.Bank of England Governor Andrew Bailey said on Thursday the BoE was walking a …

Western countries should not appease Russia following its invasion of Ukraine even if there are difficult economic consequences, Bank of England Governor Andrew Bailey said on Thursday. “What Russia is doing in Ukraine is appalling,” Bailey said at a discussion in Washington hosted by the Peterson Institute for International Economics.“My …

Eurozone’s Inflation rose 7.4% in March, on a yearly basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month. The reading disappointed expectations of 7.5% while against the 7.5% previous. Core figures rose by 2.9%, missing the 3.0% market estimates.

The market mood is sour, helping the American dollar to end the day with gains against most major rivals.The initial catalyst came from the Bank of Japan. The central bank announced it would be buying an unlimited amount of 10-year JGBs at 0.25% in an attempt to defend the yield …

Consumers and businesses will come under severe pressure from cost of living squeeze, according to BoE governor Andrew Bailey says: ‘The shock from energy prices this year will be larger than any single year in the 1970s”, Bailey added. Britain’s economy is expected to suffer a growth slowdown amid the …

The governor of the Bank of England has called on firms and businesses to show restraint when raising their prices, after he came under heavy criticism for saying employees should not demand big pay rises to help manage inflation.Andrew Bailey said that he recognized his call for workers to show …

Eurozone’s Inflation came in at 5.1% in January, on a yearly basis, according to Eurostat’s final reading of the Eurozone CPI report for the month. The reading was in line with the estimates of 5.1% and 5.1% previous. Core figures rose by 2.3%, matching the 2.3% consensus forecasts. When compared …

Bank of England governor Andrew Bailey focuses on EU laws which require insurance companies to hold enough cash to ensure they do not collapse are not well suited for the UK.The governor told listeners to a speech in the City that the so-called Solvency 2 regulations needed to be reformed. …

GBP/USD bulls take a breather around a fortnight high surrounding 1.3600, during the sixth positive day amid Friday’s Asian session. Earlier, on Thursday, at 1.3605, GBP/USD off its highs of the day by is still positive by some 0.23% following the Bank of England that raised interest rates to 0.5% …

Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single Euro currency was created. Inflation in the Eurozone climbed to a rate of 5% in December, the highest level since the single European currency was created. According to the latest figures from …