{"id":49086,"date":"2021-08-05T16:28:00","date_gmt":"2021-08-05T12:28:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=49086"},"modified":"2021-08-05T16:28:04","modified_gmt":"2021-08-05T12:28:04","slug":"bailey-speech-useful-to-have-a-predictable-path-for-reversing-qe","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bailey-speech-useful-to-have-a-predictable-path-for-reversing-qe\/08\/05\/market-updates\/","title":{"rendered":"Bailey Speech: Useful to Have a Predictable Path For Reversing QE"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>&#8220;Remarkable how little headline news there has been on UK economic activity since May.&#8221;<\/p>\n\n\n\n<p>&#8220;Our view is inflation pressures will reduce.&#8221;<\/p>\n\n\n\n<p>&#8220;We don&#8217;t see a spike in unemployment when furlough ends.&#8221;<\/p>\n\n\n\n<p>&#8220;Number of unemployed people will be about 250,000 higher than before pandemic.&#8221;<\/p>\n\n\n\n<p>&#8220;Should economy grows as expected, some modest tightening likely to be needed.&#8221;<\/p>\n\n\n\n<p>&#8220;Growing evidence of job vacancies and labor market tightness.&#8221;<\/p>\n\n\n\n<p>&#8220;Underlying pay growth is near pre-COVID levels.&#8221;<\/p>\n\n\n\n<p>&#8220;Inflation is driven by higher costs of goods, supply bottlenecks, energy prices.&#8221;<\/p>\n\n\n\n<p>&#8220;Recovery is unbalanced, weighted towards goods, not services.&#8221;<\/p>\n\n\n\n<p>&#8220;MPC will focus on medium-term prospects for inflation, not transient factors.&#8221;<\/p>\n\n\n\n<p>&#8220;If the outlook for inflation in jeopardy, MPC will not hesitate to act.&#8221;<\/p>\n\n\n\n<p>&#8220;Reduction in the balance sheet is not a substitute for higher interest rates.&#8221;<\/p>\n\n\n\n<p>&#8220;Useful to have a predictable path for reversing QE.&#8221;<\/p>\n\n\n\n<p>&#8220;Stopping QE reinvestment gives a transparent path.&#8221;<\/p>\n\n\n\n<p>&#8220;If we stuck with a 1.5% threshold for reversing QE, that would be tantamount to saying we were never doing it.&#8221;<\/p>\n\n\n\n<p>&#8220;We expect the equilibrium interest rate to be very low for foreseeable future.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Remarkable how little headline news there has been on UK economic activity since May.&#8221; &#8220;Our view is inflation pressures will reduce.&#8221; &#8220;We don&#8217;t see a spike in unemployment when furlough ends.&#8221; &#8220;Number of unemployed people will be about 250,000 higher than before pandemic.&#8221; &#8220;Should economy grows as expected, some modest tightening likely to be needed.&#8221; &hellip;<\/p>\n","protected":false},"author":9,"featured_media":34290,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6967,6903],"class_list":["post-49086","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-boe","tag-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=49086"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49086\/revisions"}],"predecessor-version":[{"id":49087,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/49086\/revisions\/49087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34290"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=49086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=49086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=49086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}