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🇬🇧 Bailey anchors a hold before June's services CPI test
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🇬🇧 Bailey anchors a hold before June's services CPI test

Macro Soup Newsroom Macro Soup Newsroom 4 min read

Bailey's Reykjavik remarks were conditional, not dovish. UK services CPI fell to 3.2% in April, but a re-acceleration toward 4%-plus in the May release lands the same week as the June 18 Monetary Policy Committee decision.

Andrew Bailey in a suit gesturing with both hands while seated at a conference next to a woman in a white jacket, with a blue city skyline screen behind them.
Bank of England Governor Andrew Bailey addressed the Reykjavík Economic Conference on Friday, providing forward-looking signals on the central bank's stance ahead of the next Monetary Policy Committee meeting. Source

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