The Governor pointed to the commodity markets as the area of greatest fragility. Andrew Bailey said BoE had started to see evidence of an economic slowdown. He said the situation was more challenging than the 2007-09 financial crisis.
The Governor pointed to the commodity markets as the area of greatest fragility. Andrew Bailey said BoE had started to see evidence of an economic slowdown. He said the situation was more challenging than the 2007-09 financial crisis
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Energy price rises will hit UK harder in 2022 than any year in 1970sBank of England Governor Andrew Bailey said swings in commodity markets after Russia's invasion of Ukraine posed a risk to financial stability at an event in Brussels on Monday.
Source: DailyMailUK - 🏆 7. / 90 Read more »
Energy price shock will be bigger than in the 1970s, Bank governor Bailey warnsBritish households are facing a bigger shock from energy prices this year than at any time during the 1970s oil crisis , the governor of the Bank of England has warned.Andrew Bailey said swings in commodity markets following Russia’s invasion of Ukraine posed a risk to financial stability and that t Sadly most of us don’t have a salary of 575k as Mr Bailey does to help cope with the energy price shock. Never mind..the silly English will still be on the streets celebrating the old trout’s million years on the throne.
Source: The Times - 🏆 71. / 59 Read more »