BoE Bailey Cites Uncertainty Over Rate Hike Bets
Bank of England Governor Andrew Bailey stated the economic outlook is too unpredictable to evaluate market bets on four rate hikes. The central bank held rates steady while warning of rising inflation pressures.
Bank of England Governor Andrew Bailey said on Thursday afternoon that economic conditions in the United Kingdom remain too unpredictable to evaluate market pricing for four interest rate hikes. The central bank left rates unchanged while cautioning over accelerating inflation pressures. Traders are currently pricing in aggressive monetary tightening over the coming year.
