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Bank of England governor Bailey said the Bank may tolerate inflation temporarily above its 2% target to support a weak UK economy, provided there are no signs of second‑round price effects. He added the Bank has effectively tightened monetary conditi

2026-05-29

Bank of England governor Bailey said the Bank may tolerate inflation temporarily above its 2% target to support a weak UK economy, provided there are no signs of second‑round price effects. He added the Bank has effectively tightened monetary conditions by removing market expectations of rate cuts, and that while temporary tolerance is appropriate given weak real activity and uncertainty over shock size and duration, that tolerance would be withdrawn if second‑round effects appear.

Other News
2026-05-29

The iShares Technology & Software ETF rose 2.4%, hitting a four-month high.

The iShares Technology & Software ETF rose 2.4%, hitting a four-month high.
2026-05-29

Reserve Bank of India said a sustained West Asia conflict could pose a downside risk to the Indian economy in 2026-27.

Reserve Bank of India said a sustained West Asia conflict could pose a downside risk to the Indian economy in 2026-27.
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