BoE's Bailey: Some further increase in bank rate may turn out to be appropriate – by eren_fxstreet BOE CentralBanks
Governor Andrew Bailey said on Wednesday that some further increase in bank rate may turn out to be appropriate but added that nothing is decided, as reported by Reuters."I would caution against suggesting either that we are done with increasing bank rate, or that we will inevitably need to do more."
"We have to monitor carefully how the tightening we have already done is working its way through the economy.""We must ensure that the situation does not get worse through homemade inflation taking hold."GBP/USD's reaction to these comments were muted and the pair was last seen trading at 1.2060, where it was up 0.35% on a daily basis.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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