BoE’s Bailey: There are risks of inflation persistence and we have to respond

Market news

23 May 2023

BoE’s Bailey: There are risks of inflation persistence and we have to respond

Bank of England (BoE) Governor Andrew Bailey faces questions by the UK parliament's Treasury Select Committee (TSC) about the central bank's May Monetary Policy Report.

Key quotes

There are risks of inflation persistence and we have to respond.

Global supply chain shock did prove to be largely transient but was swamped by the Ukraine invasion effect.

Market reaction

At the time of writing, GBP/USD is holding lower ground near monthly lows of 1.2383 on the above comments, losing 0.40% so far.

Currencies. Daily history for Tuesday, May 23, 2023

Commodities. Daily history for Monday, May 22, 2023

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