Andrew Bailey

[Nemo]

He fell asleep while at the FSA and he's doing the same at the BofE

Andrew Bailey has signalled that financial markets have been wrong in their growing belief over the past month that the Bank of England will need to impose many more interest rate rises to bring inflation under control.

https://archive.ph/gbFKB

I wonder if this has spooked him

British house prices slid in December, capping the largest quarterly drop since the financial crisis more than 10 years ago, data from mortgage lender Halifax showed on Friday.

https://www.reuters.com/world/uk/uk-hou ... 023-01-06/

Perhaps it's just the bond market that is showing signs of trouble? Something has got him worried! He doesn't seem to understand currency which has me worried

[pje16]

As he says
"If we do too little with interest rates now, we will only have to do more later on"
doesn't that demonstrate he is not sure
on top of that they were too slow in the first place, interest rates should have risen much earlier