BANK OF ENGLAND GOVERNOR BAILEY COMMENTS ON UK ECONOMY AND UNCERTAINTY
BANK OF ENGLAND GOVERNOR BAILEY COMMENTS ON UK ECONOMY AND UNCERTAINTY
Bailey highlights rising uncertainty and weak economic growth in the UK.
The BoE’s statement aims to communicate this uncertainty to the markets.
UK labor market data is in line with the BoE’s expectations.
Wage growth in the UK was lower than the BoE anticipated.
No significant changes in labor data to alter the BoE’s economic outlook.
Emphasizes the importance of maintaining the global financial system’s multilateral framework.
Long-term bond premiums are influenced by US tariff comments.
Bailey agrees with US Treasury Secretary’s call for smaller moves in long-term bond premiums.
