During an appearance the House of Lords Economics Affairs Committee, BoE Governor Andrew Bailey highlighted that UK's inflation rates have fluctuated, slightly overshooting last month and slightly undershooting this month. The development balanced out to "pretty much leaves us where we were".
Japanese Yen recovers broadly in Asian session today, while Nikkei also soared to a new 34-year high, surpassing the 38k mark. The move came as a rather complex reactions to economic data showing that Japan unexpectedly slipping into recession. The surprised downturn also led to the country's demotion to the world's fourth-largest economy in 2023, with Germany ascending to third place.
BOE s Bailey Says Inflation Undershoot Leaves Us Where We Were bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Bank of England Governor Andrew Bailey said weaker-than-expected inflation in January “pretty much leaves us where we were” after the data prompted traders to shift forward bets on interest-rate cuts.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereWall Street Regains Footing After CPI-Fueled Rout: Markets WrapMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillDemocrat Suozzi Wins Back NY House Seat Vacated by SantosA ‘Clerical Error’ in Lyft Outl