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BOE's Bailey sees the chance of a more aggressive rate cut - The Guardian
BOE'S BAILEY SEES THE CHANCE OF A MORE AGGRESSIVE RATE CUT - THE GUARDIAN
— FinancialJuice (@financialjuice) October 3, 2024
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BOE GOV. BAILEY: LIVING COST PRESSURES ARE NOT AS PERSISTENT - GUARDIAN
— FinancialJuice (@financialjuice) October 3, 2024
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BOE GOV. BAILEY: I AM WATCHING THE MIDDLE EAST EVENTS CLOSELY.
— FinancialJuice (@financialjuice) October 3, 2024
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‘It’s tragic’: Bank of England governor watching Middle East crisis closely
The Bank of England is monitoring the Middle East crisis amid fears that a worsening conflict between Iran and Israel will make it impossible to stabilise oil prices and leave the global economy vulnerable to a 1970s-style energy shock. Andrew Bailey, the Bank’s governor, said he was watching developments “extremely closely” and that there were limits to what could be done to prevent the cost of crude rising if things “got really bad”. In a wide-ranging interview with the Guardian, Bailey held out the prospect of the Bank becoming a “bit more aggressive” in cutting interest rates provided the news on ... (full story)
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