Share this
Yesterday saw another strong down day for European markets, and even though we have seen new record highs for the DAX and Stoxx600 this week, the overall direction of travel for stocks over the past few weeks has been rather uncertain.
The lack of follow-through on this week’s new highs in Europe, as well as the US, appears to speak to uncertainty about a trifecta of factors, the continued increase in virus cases, the pace of recovery which appears to be slowing, and the concerns that the rise in inflation may well not be as transitory as central bankers would like.
FTSE looks to claw back ground after fall – live updates
telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.
What might the Bank of England do to wean the UK economy off stimulus?
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
;
BOE’s Bailey: Won’t be rushed into making decisions on raising interest rates despite rising inflationNEWS |
7/15/2021 4:32:45 AM GMT | By Anil Panchal
Bank of England (BOE) Governor Andrew Bailey s comments contrast with the previous ones from Deputy Governor Dave Ramsden, rejecting the rush to making decisions on raising interest rates despite news of rising inflation, per Reuters.
The UK’s Consumer Price Index (CPI), published on Wednesday, rose past 2.2% YoY expectations to 2.5%.
Key quotes
Regarding Wednesday s inflation number, Bailey told Business Live in an interview published on Thursday, per Reuters:
Yes, it was higher than we thought it would be. What we will have to do, again, is go through all the evidence and assess to what extent we think the sorts of things that underlie that are likely to be transitory.