- Disinflation in domestic prices, wage pressures is continuing
- Expect gradual easing of inflation pressure
- Overall impact of tariffs on inflation is still uncertain
- Following developments of UK-US trade deal closely
- I haven’t been briefed about the details of the matter however
- Hopes for the trade deal to reduce uncertainty
- Need to watch carefully for second-round effects of inflation
- But that is not in our base case scenario
The Q&A will be more interesting as he will be pressed on voting intentions by both Mann and Pill. But I would expect Bailey to deflect those questions. Besides that, Bailey is also just reaffirming that there doesn’t seem to be much details coming to surface now on the trade deal.
This article was written by Justin Low at www.forexlive.com.