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Not our job to run the financial markets on interest rates

Bank of England (BOE) Governor Andrew Bailey defended his position after pushing back on aggressive betting on tightening last Thursday, telling Bloomberg TV that his comments on the need to contain inflation ahead of the meeting “conditionally” “Be.

Additional quotations

“I don’t think it’s our job to steer the markets day after day and week after week.”

“The pre-meeting comments were sparked by concerns that falling bond yields could increase inflationary pressures. “

“The bets he said were“ in the right direction, exaggerated ”.

Market reaction

Amid Brexit concerns and BOE reluctance, GBP / USD is resuming its bearish momentum towards the two-month lows of 1.3424. At the time of writing, the cable is down 0.13% on the day to trade at 1.3477.

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