Pound value drops as Andrew Bailey says rate cuts could become ‘more aggressive’
The pound's value has fallen following comments from Bank of England Governor Andrew Bailey, who indicated that interest rate cuts could become “a bit more aggressive.” In a Guardian interview, he indicated that if inflation trends remain positive, the Bank might adopt a “more activist” approach to lowering borrowing costs.
Sterling slides after Bailey says BoE could be ‘a bit more aggressive’ on rates
The bank’s rate-setters could be “a bit more aggressive” on lowering borrowing costs if inflationary pressures continued to wane, Bailey told the Guardian newspaper. Sterling fell to $1.3121 from $1.3268, extending its decline from last week when the currency traded above $1.34.
A complaint filed by a Republican state senator’s son accused Andrew Bailey of using the Missouri Attorney General's office ...
The Bank of England should move only gradually with cutting interest rates, Chief Economist Huw Pill said on Friday, a day ...
Bank of England Governor Andrew Bailey has said interest rate cuts could become ‘a bit more aggressive’, sparking sharp falls in the value of the pound (PA) Those comments were enough to send ...
Sterling was down 1.12% to $1.3119 at 9:45 a.m. in London. The U.K. currency was buoyed following the BOE's September meeting ...
Andrew Bailey, the governor of the Bank of England, has stated that it is unlikely for interest rates to return to near zero.
The British pound gained ground against the dollar and the euro on Friday after a steep plunge a day earlier when Bank of ...
The Missouri Supreme Court declined to force an investigation into donations to Attorney General Andrew Bailey connected to a ...
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