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BOE Chief Says Energy Shock Delays 2% Inflation Target

Bloomberg Markets Friday 16 October 2026, 03:12 UTC 1 min read
Key Points

Bank of England Governor Andrew Bailey says Middle East energy shocks have pushed rate cuts off the table and that the BOE effectively tightened financial conditions without raising rates. He cautioned against inferring the central bank's next decision, noting officials have to assess pass-through risks.

Bank of England Governor Andrew Bailey says Middle East energy shocks have pushed rate cuts off the table and that the BOE effectively tightened financial conditions without raising rates. He cautioned against inferring the central bank's next decision, noting officials have to assess pass-through risks. (Source: Bloomberg)
BOE (LOCATION) Inflation Target Bank of England (ORG) Andrew Bailey (PERSON) Middle East (LOCATION) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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