BoE’s Bailey says the line between commentary and guidance is murky

Economy13 minutes ago (Nov 25, 2021 01:15PM ET)

(C) Reuters. FILE PHOTO: Bank of England Governor Andrew Bailey in London, Britain February 25, 2019. Kirsty O’Connor/Pool via REUTERS/File Photo

LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Thursday that the difference between providing commentary on the state of the economy and what the central bank is likely to do with interest rates is hard to define.

“The boundary between a commentary and guidance is quite murky, actually, when you think about the words we use,” Bailey told a discussion organised by the Cambridge Union.

The BoE shocked financial markets earlier this month when it kept interest rates on hold at their coronavirus pandemic lows. Investors had read remarks made by Bailey in October as a signal that rates would rise at the BoE’s November meeting.

The BoE’s December monetary policy decision is due to be announced on Dec. 16.

BoE’s Bailey says the line between commentary and guidance is murky

Thanksgiving traditions return to U.S.: Football, family and parades
By Reuters – Nov 25, 2021

By Daniel Trotta (Reuters) -Americans flocked to parades, packed football stadiums and gathered more freely for family feasts on Thursday, grateful to celebrate Thanksgiving Day…

Supply chains add to Mexico economy slump, piling pressure on central bank
By Reuters – Nov 25, 2021

(Reuters) – Mexico’s economy contracted 0.4 percent in the third quarter, receding faster than previously thought as services slumped and supply chain issues bit, challenging the…

Who will be the Bundesbank’s next chief?
By Reuters – Nov 25, 2021

FRANKFURT (Reuters) – Germany’s Social Democrats, the senior partner in the three-way coalition that is forming a new government, are expected to pick a new head of the…

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

(C) 2007-2021 Fusion Media Limited. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

About the author

Related