{"id":82778,"date":"2023-04-12T23:23:00","date_gmt":"2023-04-12T19:23:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=82778"},"modified":"2023-04-13T00:26:15","modified_gmt":"2023-04-12T20:26:15","slug":"82778-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/82778-2\/04\/12\/market-updates\/","title":{"rendered":"BoE\u00b4s Bailey: Banking crisis testing institutional structures"},"content":{"rendered":"\n<p>Bank of England Governor Andrew Bailey earlier said in a speech on Wednesday before the Institute of International Finance in Washington where he is attending International Monetary Fund meetings that he did not believe \u00b4\u00b4we face a systemic banking crisis.&#8221;<br><br>The Pound rose towards $1.25 vs. the US dollar, moving closer to a ten-month high of $1.2525 touched on April 4th.<br><br>The Pound Sterling is getting a boost from the softer-than-expected US Consumer Price Index data that solidified that sentiment that the Federal Reserve will likely pause its rate hiking cycle soon.<br><br><strong>Key Quotes:<br><\/strong><br>We watch QT very carefully; we do not want it to have detrimental impact on markets.<br>    <br>We are not seeing any concerning signs in markets due to QT.<br>    <br>I do not see makings of a repeat of 2007-08 crisis.<br><br>Shouldn&#8217;t `aim off&#8217; rates decision due to crisis.<br><br>Will take financial conditions into account.<br><br>&#8220;I do not see the evidence that we&#8217;ve got on our hands what I would call &#8230; the makings of a 2007\/8 financial crisis. I really don&#8217;t see that,&#8221; Bailey said when asked about recent instability in the banking sector.<br><br>&#8220;The system is in a much more robust condition&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of England Governor Andrew Bailey earlier said in a speech on Wednesday before the Institute of International Finance in Washington where he is attending International Monetary Fund meetings that he did not believe \u00b4\u00b4we face a systemic banking crisis.&#8221;The Pound rose towards $1.25 vs. the US dollar, moving closer to a ten-month high of &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":[7562,10259,6967,8496],"class_list":["post-82778","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-andrew-bailey","tag-banking-crisis","tag-boe","tag-tightening-monetary-policy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82778","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=82778"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82778\/revisions"}],"predecessor-version":[{"id":83808,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82778\/revisions\/83808"}],"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=82778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}