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The UK economy in an unpredictable world – speech by Andrew Bailey
There is a lot going on in the world around us. Escalation of the conflict in the Middle East drove up energy prices in the past few weeks but in the last few days they have come back down again. Global trade policies remain unpredictable. These are things that weigh on the global economy. Elevated global uncertainty affects UK businesses too. We have heard that clearly through the Bank’s Agents – and I have heard it when I talk to business leaders from across the country. Expectations for export sales have softened, investment decisions have been delayed, and supply chains adjusted – though on investment the ... (full story)
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BoE Gov. Bailey: Monetary policy needs to continue to remain restrictive for sufficiently long until the risks to inflation returning sustainably to the 2% target in the medium term has dissipated further.
— FinancialJuice (@financialjuice) June 26, 2025
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BoE Gov. Bailey: Interest rates remain on a gradual downward path.
— FinancialJuice (@financialjuice) June 26, 2025