BoE

Andrew Bailey, governor of the Bank of England, defended the central bank's gilt sales during a Bloomberg Television interview at the Reykjavik Economic Conference. He stated the BOE could tolerate inflation temporarily exceeding its 2% target if second-round price effects do not emerge.

BOE's Bailey observes 'signs of strains' in private credit markets. The statement highlights potential challenges or pressures within the sector.

BoE governor Andrew Bailey warns that a Middle East ceasefire would still create uncertainty. He states that rate cuts can only occur when policymakers are 'much more confident'.