Emeritus Prof Christopher May on Nostr: More BoE gaslighting? Andrew Bailey (again) is at once saying that the BoE might ...
More BoE gaslighting?
Andrew Bailey (again) is at once saying that the BoE might become ore aggressive in its reduction of interest rates... but also waring that this may be delayed due to still too high service price inflation.
So, will interest rates decline in the next months?
Some market commentators think they will, but the messaging from Bailey & members of the MPC suggests the sado-monetarists still want to see some more pain before they really yield.
#InterestRates #inflation
h/ tFT
Andrew Bailey (again) is at once saying that the BoE might become ore aggressive in its reduction of interest rates... but also waring that this may be delayed due to still too high service price inflation.
So, will interest rates decline in the next months?
Some market commentators think they will, but the messaging from Bailey & members of the MPC suggests the sado-monetarists still want to see some more pain before they really yield.
#InterestRates #inflation
h/ tFT