{"id":58588,"date":"2022-01-19T19:26:09","date_gmt":"2022-01-19T15:26:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=58588"},"modified":"2022-01-19T19:26:12","modified_gmt":"2022-01-19T15:26:12","slug":"boes-bailey-regional-agents-are-seeing-some-evidence-of-second-round-inflation-effects","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/boes-bailey-regional-agents-are-seeing-some-evidence-of-second-round-inflation-effects\/01\/19\/market-updates\/","title":{"rendered":"BoE&#8217;s Bailey: Regional agents are seeing some evidence of second-round inflation effects"},"content":{"rendered":"\n<p>Bank of England Governor Andrew Bailey, who is currently testifying before the UK Parliament&#8217;s Treasury Select Committee, said on Wednesday that regional agents are seeing some evidence of second-round inflation effects. <br><br><strong>Additional Quotes:<\/strong><br>&#8220;Since November, financial markets have pushed back when they expect energy prices to fall.&#8221;<br><br>&#8220;Tension on the Ukrainian border with Russia has elevated since November and is a concern for inflation.&#8221;<br><br>&#8220;There is a concern that there could be second-round effects on wages.&#8221;<br><br>&#8220;BoE regional agents are seeing some evidence of second-round inflation effects.&#8221;<br><br>&#8220;There is an argument that higher inflation could restrain demand in the economy and bring inflation back down.&#8221;<br><br>&#8220;I would not want to suggest that the Bank of England will not take action on interest rates if necessary.&#8221;<br><br>&#8220;Please do not think the BoE does not view inflation pressures as serious.&#8221;<br><br>&#8220;We do not see changes in the world economy that would bring interest rates back to levels seen before the global financial crisis.&#8221;<br><br>&#8220;Quantitative tightening probably won&#8217;t have that big an impact on yields if undertaken at a normal time.&#8221;<br><br>&#8220;We can and will do everything we can to control inflation.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of England Governor Andrew Bailey, who is currently testifying before the UK Parliament&#8217;s Treasury Select Committee, said on Wednesday that regional agents are seeing some evidence of second-round inflation effects. Additional Quotes:&#8220;Since November, financial markets have pushed back when they expect energy prices to fall.&#8221;&#8220;Tension on the Ukrainian border with Russia has elevated since &hellip;<\/p>\n","protected":false},"author":13,"featured_media":51338,"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":[37,36],"tags":[6967,6870,6987,7580,6875,8110],"class_list":["post-58588","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-boe","tag-gbp","tag-inflation","tag-monetary-policy","tag-russia","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58588","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\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=58588"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58588\/revisions"}],"predecessor-version":[{"id":58636,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/58588\/revisions\/58636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/51338"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=58588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=58588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=58588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}