Bank of England Governor Andrew Bailey said on Tuesday there was strong evidence that British inflation was falling, and that the question for BoE rate-setters remained how much more evidence was necessary before starting to cut interest rates.
Bank of England Governor Andrew Bailey said on Tuesday there was strong evidence that British inflation was falling, but repeated his view that it was too soon to cut interest rates. "In the UK we're disinflating at what I call full employment.
US stocks wavered Tuesday after Federal Reserve Chair Jerome Powell said a “lack of further progress” on inflation means the central bank likely won’t cut interest rates at its upcoming policy meeting just two weeks away,