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BoE's Bailey (Q&A) says "if you come out of this thinking we are edging towards an insurance hike, you have misunderstood", paraphrasing Greenspan
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Governor Bailey clarified the BoE is not pursuing an 'insurance hike' despite uncertainties from El Nino and tariffs, as domestic inflation shows signs of slowing amid weak demand.
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Thereafter, adds that El Nino, tariffs and other points are factoring in the uncertainty around the economy. Tariffs may be causing some downward impact on goods prices, as trade is redirected.
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