UK BOE Gov Bailey Speaks
As head of the central bank, which controls short term interest rates, he has the most influence over monetary policy. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future policy;
BOE Governor Mar 2020 - Mar 2028. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
- History
Expected Impact / Date | Description |
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Jun 27, 2024 | Due to hold a press conference about the Financial Stability Report, in London; |
May 21, 2024 | Due to speak at the London School of Economics; |
May 9, 2024 | Due to hold a press conference about the interest rate decision at the Bank of England, in London; |
Apr 17, 2024 | Due to speak at the Institute of International Finance Global Outlook Forum, in Washington DC; |
Apr 16, 2024 | Due to speak at the International Monetary Fund Spring Meetings, in Washington DC; |
Mar 12, 2024 | Due to participate in a panel discussion titled "Hard times: Shocks and Policies since the Global Financial Crisis" at the Bank of Italy Symposium, in Rome; |
Feb 14, 2024 | Due to testify before the House of Lords Economic Affairs Committee, in London; |
Feb 12, 2024 | Due to speak at Loughborough University, in England; |
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- UK BOE Gov Bailey Speaks News
- From bankofengland.co.uk|May 21, 2024|1 comment
It is a great pleasure to be here at this event, hosted by the LSE’s Financial Markets Group in honour of Charles Goodhart. This evening, I am going to talk about central bank balance sheets and in particular the Bank of England’s balance sheet. An esoteric topic perhaps, but an important one, now more than ever. And it is a topic on which Charles has written extensively. Charles worked at the Bank for nearly two decades, of course, before his distinguished career as a professor here at the London School of Economics. His article “The importance of money”, published in the Bank’s Quarterly Bulletin in 1970 and available on the Bank of England’s website, was a milestone in the study of the predictability of money demand.footnote[1] At the time this was an important issue in debates over monetary control mechanisms and the relative merits of monetary ‘rules’ and policy ‘discretion’, a debate he masterfully summarised in his 1975 book on “Money, Information and Uncertainty”. In this and later work, Charles brought his deep understanding of the nature of financial markets, of banking and of monetary assets to bear, the historical perspective always present. In his 1988 book “On the Evolution of Central Banks” he discussed “how the role and functions of Central Banks have evolved naturally over time, and play a necessary part within the banking system”. Fast forward two more decades – acr post: BoE’s Bailey: We Think the Central Bank Balance Sheet Will Remain Larger Than Before the Financial Crisis Though Not as Large as Today post: BANK OF ENGLAND'S BAILEY: A RANGE OF 345-490 BLN STG IS NOT A BAD STARTING POINT FOR CENTRAL BANK BALANCE SHEET || BANK OF ENGLAND'S BAILEY: REPO PORTFOLIO CAN OFFER A RELIABLE AND FLEXIBLE SOURCE OF RESERVES AS LARGELY ADDITIONAL HIGH-QUALITY LIQUID ASSETS TO THE SYSTEM
- From @financialjuice|May 9, 2024
post: UK BOE DEP. GOV. BROADBENT: MARKET RATE CURVE MAY BE A LITTLE HIGH, BUT IT DOESN'T MEAN IT IS UNREASONABLE.
- From @FirstSquawk|May 9, 2024|2 comments
post: BOE'S BAILEY - LIKELY WE WILL NEED TO CUT BANK RATE OVER THE COMING QUARTERS BOE'S BAILEY - POSSIBLE WE WILL NEED TO CUT RATES MORE THAN CURRENTLY PRICED INTO MARKET RATES post: BOE GOV. BAILEY: WE HAVE NO PRECONCEPTIONS ABOUT HOW FAR AND FAST WE WILL CUT RATES. post: BOE GOV. BAILEY: MARKET MOVES IN INTEREST RATE EXPECTATIONS HAVE BEEN DOMINATED BY US MOVES. post: BOE GOV. BAILEY: THERE HAS BEEN SOME DECOUPLING RECENTLY BETWEEN UK AND US MARKET RATE EXPECTATIONS. post: BOE GOV. BAILEY: ONE SMALL CUT IN THE BANK RATE WOULD STILL LEAVE US WITH RESTRICTIVE MONETARY POLICY.
- From @financialjuice|May 9, 2024|1 comment
post:
BOE GOV. BAILEY: GLOBAL INFLATION SHOCKS ARE FADING. post: BOE GOV. BAILEY: IT IS ENCOURAGING THAT INFLATION WILL BE CLOSE TO THE TARGET IN THE COMING MONTHS. post: *BOE'S BAILEY: `NOT YET AT A POINT' TO CUT BASE RATE post:
BOE GOV. BAILEY: HIGHER THAN EXPECTED WAGE AND SERVICES INFLATION SINCE FEBRUARY SHOULD GIVE US PAUSE FOR THOUGHT, BUT SHOULDN'T OVERINTERPRET. post:
*BOE'S BAILEY: JUNE BANK RATE CUT IS NOT RULED OUT OR PLANNED
- From youtube.com/bankofenglanduk|May 9, 2024|1 comment
Our Monetary Policy Committee (MPC) decides what monetary policy action to take. The MPC sets and announces policy eight times a year (roughly once every six weeks). In this video, the MPC discusses the decisions taken in May 2024 and answers questions from the press.
- From @financialjuice|Apr 17, 2024|5 comments
post: BOE GOV. BAILEY: THE UK ECONOMY ON TRACK WITH FEBRUARY FORECASTS. post: BANK OF ENGLAND'S BAILEY: WE'RE PRETTY MUCH ON TRACK FOR WHERE WE THOUGHT WE WOULD BE IN FEBRUARY ON INFLATION post: BoE’s Bailey: I Expect Next Month’s Inflation Number Will Show Quite a Strong Drop post: BOE GOV. BAILEY: RISKS REMAIN FROM THE MIDDLE EAST CONFLICT. post: BOE GOV. BAILEY: OIL PRICES HAVEN'T LEAPED AS MUCH AS EXPECTED.
- From @cablefxmacro|Apr 16, 2024
post: <GBP=>:
*BOE'S BAILEY: `VERY ENCOURAGING SIGNS' ON WORLD ECONOMY
*BOE'S BAILEY: WE HAVE FULL EMPLOYMENT IN THE UK post: BOE GOV. BAILEY: A FRAGMENTED WORLD ECONOMY IS VULNERABLE TO SHOCKS.
- From @financialjuice|Mar 12, 2024
post:
BOE GOV. BAILEY: THE QUESTION IS WHAT IT WILL TAKE TO KEEP CPI AT 2%. post:
BOE GOV. BAILEY: THE QUESTION OF POLICY RESTRICTIVENESS IS NOW KEY. post: BOE'S BAILEY SAYS MONETARY POLICY IS DOING ITS JOB BOE'S BAILEY SAYS INFLATION EXPECTATIONS APPEAR TO BE WELL-ANCHORED post:
BOE GOV. BAILEY: WE MUST ACT TO HALT SECOND ROUND INFLATION EFFECTS. post: BOE'S BAILEY SAYS WE HAVE SEEN LIMITED EVIDENCE SO FAR OF RISING UNEMPLOYMENT AS A CONDITION TO REDUCE INFLATION
Released on May 21, 2024 |
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