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BoE Governor Bailey says it's too early to form strong views on strength of second round effects

StockNow breaking-news AI analysis

Bailey described second-round inflation signs as subdued, commented on UK economic resilience and gilt yields, and expressed greater hope for international alignment on AI testing.

News detail

Says: So far signs of second round effects are subdued and businesses emphasizing cost cutting. UK economy is more resilient than we expected and not as strong as we need. News from Middle East is the biggest factor moving UK gilt yields. Second-round inflation pressures look subdued so far. More hopeful than a month ago that they will get more international alignment on AI testing.

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