BoE's Bailey sees rate path shrouded increasingly by uncertainty
Published by Global Banking & Finance Review®
Posted on June 3, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 3, 2025
1 min readLast updated: January 23, 2026
BoE Governor Bailey highlights increased uncertainty in interest rate paths, citing global trade policy turmoil as a key factor affecting UK economic forecasts.
LONDON (Reuters) -Bank of England Governor Andrew Bailey said the path for interest rates was now shrouded in more uncertainty than before because of global trade policy turmoil.
"I think the path remains downwards, but how far and how quickly is now shrouded in a lot more uncertainty," Bailey told parliament's Treasury Committee.
"We've added the word 'unpredictable' to 'uncertain' because of the sheer nature of what we're dealing with."
(Reporting by David Milliken and Suban Abdulla, additional reporting by Muvija M, editing by William James)
Andrew Bailey stated that the path for interest rates is now more uncertain due to global trade policy turmoil.
Bailey mentioned that they have added the word 'unpredictable' to 'uncertain' because of the nature of the current situation.
Bailey addressed the Treasury Committee in Parliament to discuss the uncertainty surrounding interest rates.
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