Stock Groups

BoE’s Bailey says the line between commentary and guidance is murky -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – Andrew Bailey, Bank of England Governor in London (Britain), February 25, 2019, Kirsty O’Connor/Pool via REUTERS/File Photograph

LONDON (Reuters), BANK OF ENGLAND Governor Andrew Bailey claimed that there is a difference between providing comments on the economic state and the likely actions of central bank with regard to interest rates.

Bailey spoke at the Cambridge Union’s discussion about “the boundary between commentary and guidance”

Financial markets were shocked when the BoE kept interest rates steady at coronavirus-pandemic lows earlier in October. Investors took Bailey’s October remarks as an indicator that the BoE would raise interest rates at its November meeting.

The December decision of the BoE regarding monetary policy is expected to be made public on December 16.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by market makers. As such, they may be incorrect and different from market prices. This means that prices cannot be used to trade. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes, charts, or buy/sell signal information. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]