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Supply matters − speech by Andrew Bailey
The past few years have been a time of macroeconomic upheaval. A series of significant economic events have deeply affected the UK economy. This includes the change in our trading relationship with the European Union, the Covid pandemic with shutdowns of some sectors of the economy and supply chain bottlenecks in others, and the rise in energy prices caused by Russia’s brutal war on Ukraine and its people. These shocks have affected the UK economy in different ways. But they have all eroded the terms on which we trade with the outside world. This has made us poorer as a country; manifesting itself in a rise in the ... (full story)
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BOE GOV. BAILEY: INFLATION IS LIKELY TO FALL STEEPLY IN UK, IT IS MUCH TOO HIGH.
— Breaking Market News (@financialjuice) March 27, 2023
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BOE GOV. BAILEY: THE ECONOMY IS STRONGER THAN EXPECTED, BUT WAGES ARE WEAKENING.
— Breaking Market News (@financialjuice) March 27, 2023
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BOE GOV. BAILEY: WHAT MONETARY POLICY CAN – AND MUST – DO IS TO MAKE SURE THAT THE INFLATION THAT HAS COME TO US FROM ABROAD DOES NOT BECOME LASTING INFLATION GENERATED AT HOME.
— Breaking Market News (@financialjuice) March 27, 2023
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BoE's Bailey: Path Of Inflation Will Not Be Entirely Smooth And Cost And Price Pressures Remain Elevated
— LiveSquawk (@LiveSquawk) March 27, 2023