BANK OF ENGLAND GOVERNOR: STRONG Q4 GDP FIGURES DON’T CHANGE THE STORY OF THE ECONOMY
UK Economy Status – The strong Q4 GDP numbers do not change the overall UK economic situation. It is still weak, and the reason (supply or demand issues) is unclear.
US Trade Tariffs – If the US imposes tariffs, it may affect global trade and growth, but its impact on inflation is uncertain.
Inflation Outlook – The Bank of England still expects low price increases (inflation).
Stabilization Unlikely – The current economic situation does not suggest inflation will become more stable.
Basel 3.1 Rules – The Bank of England Governor is hopeful that the US will follow Basel 3.1 financial rules, as supported by the US Fed Chairman.
