Resumption of hostilities in Middle East underlines instability, says BoE Governor Bailey
LONDON, July 14 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday that the resumption of hostilities between the United States and Iran in recent days had increased risks to financial stability. "If you go back to the hearing we had on monetary policy a few weeks ago, I think I would have said, look, I think things are panning out at that stage, probably at the lower end of the three scenarios that we had painted in the MPR (Monetary Policy Report), but I would have added the very strong caveat to that it seems to me that the situation remained unstable, and the ceasefire was fragile.
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LONDON, July 14 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday that the resumption of hostilities between the United States and Iran in recent days had increased risks to financial stability. "If you go back to the hearing we had on monetary policy a few weeks ago, I think I would have said, look, I think things are panning out at that stage, probably at the lower end of the three scenarios that we had painted in the MPR (Monetary Policy Report), but I would have added the very strong caveat to that it seems to me that the situation remained unstable, and the ceasefire was fragile. "I think where I am now ... instability has come to pass.
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- LONDON, July 14 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday that the resumption of hostilities between the United States and Iran in recent days had increased risks to financial stability. "If you go back to the hearing we had on monetary policy a few weeks ago, I think I would have said, look, I think things are panning out at that stage, probably at the lower end of the three scenarios that we had painted in the MPR (Monetary Policy Report), but I would have added the very strong caveat to that it seems to me that the situation remained unstable, and the ceasefire was fragile.
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Resumption of hostilities in Middle East underlines instability, says BoE Governor Bailey
Sources1TypeCoverageInvesting.com · Economy