Emeritus Prof Christopher May on Nostr: Andrew Bailey (BoE Governor) seemed to soften his position on an earlier reduction in ...

Andrew Bailey (BoE Governor) seemed to soften his position on an earlier reduction in #interestrates as he claimed (to the Treasury Select Comm.) he could now detect real signs #inflation was 'beaten'.

However, I'll believe it when I see it; he has been effectively gaslighting us for some time, and this may be more of the same.

He also revealed his Sado-Moentarist character, asserting: 'ultimately it’s monetary policy & the credibility of monetary policy that determines the rate of inflation'!