Shentide TechFlow News: On March 19, according to a report by Jinshi Data, Bank of England Governor Bailey stated in an interview with BBC reporters that the market has been somewhat premature in its expectations regarding rate hikes. "I would caution against drawing hasty and definitive conclusions about whether to raise interest rates... Today we have already sent very clear messages. The most appropriate course of action at present is to keep interest rates unchanged." Bailey stated that they will "carefully and continuously" review the scale and severity of this conflict. Bailey also pointed out that this is not 2022, when inflation skyrocketed to double digits and interest rates were raised sharply and dramatically, indicating that rates were already high at that time, among other points.
Shentide TechFlow News: On March 19, according to a report by Jinshi Data, Bank of England Governor Bailey stated in an interview with BBC reporters that the market has been somewhat premature in its expectations regarding rate hikes. "I would caution against drawing hasty and definitive conclusions about whether to raise interest rates... Today we have already sent very clear messages. The most appropriate course of action at present is to keep interest rates unchanged." Bailey stated that they will "carefully and continuously" review the scale and severity of this conflict. Bailey also pointed out that this is not 2022, when inflation skyrocketed to double digits and interest rates were raised sharply and dramatically, indicating that rates were already high at that time, among other points.