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BoE's Governor Bailey says market movements are some way from normal, but we are not seeing illiquidity or stress conditions
StockNow breaking-news AI analysis
Bailey described markets as resilient but not yet normal, emphasized monitoring expectation shocks and concentrated positions, and reaffirmed the inflation target and credible fiscal policy.
News detail
Must test for significant shock to expectations. Still seeing resilient markets. Will spare no effort to restore inflation to target. Fiscal policy must be credible and aimed at ensuring stability. Fiscal policy commitments are more necessary than ever in the event of adverse shocks. Cannot be relaxed about large and concentrated positions in markets.
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