• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

24 June 2025 21:23  |

Bailey speech: Trade tariff impact on inflation is more ambiguous than impact on economic growth

While testifying before the Lords Economic Affairs Committee on Tuesday, Bank of England (BoE) Governor Andrew Bailey said the impact of trade tariffs on inflation is more ambiguous than the impact on economic growth, per Reuters.

Key quotes

"Big turnaround overnight with the oil price."

"Very unpredictable where US import tariffs are going to end up."

"Market volatility in April meant we were looking globally at a difficult situation."

"Saw a lot of short-term market positioning changes in April."

"There was no point when there was real stress in markets in April."

"We are seeing investors reassessing overweight position in US assets."

Market reaction

GBP/USD preserves its bullish momentum on Tuesday and was last seen rising 0.7% on the day at 1.3620.

Source: Fxstreet

Related News

FISCAL & MONETARY

Australia Slashes Cash Rate to 2-Year Low of 3.85%, as Expe...

The Reserve Bank of Australia (RBA) cut its cash rate by 25bps to 3.85% at its May meeting, the first rate cut since January ...

20 May 2025 12:13
FISCAL & MONETARY

Bank of Japan Plays It Safe, Will JGB Tapering Be Cut?

The Bank of Japan (BoJ) is expected to keep short-term interest rates unchanged at 0.5% after its two-day June monetary polic...

17 June 2025 08:18
FISCAL & MONETARY

BOJ Chief Vows To Scrutinize Impact Of U.S. Tariffs In Poli...

Bank of Japan Governor Kazuo Ueda said Wednesday that the central bank will closely analyze how U.S. tariffs could affect the...

9 April 2025 08:28
FISCAL & MONETARY

BOJ Holds Rates, Cuts GDP Growth Outlook

The Bank of Japan (BOJ) kept its key short-term interest rate unchanged at 0.5% during its May meeting, keeping it at the hig...

1 May 2025 10:46
BIAS23.com NM23 Ai