A post by @FirstSquawk on X.
BAILEY: GOOD NEWS ON CONFLICT WLD SEE CPI PEAKING SOMEWHAT <5%
@FirstSquawk on X
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Bank of England Governor Andrew Bailey said favorable developments on the conflict front would likely see CPI peak somewhat below 5%, according to remarks flagged by First Squawk. The comment marks a softer inflation outlook than markets had been positioned for, though Bailey conditioned the view on "good news" on conflict. The headline figure matters because it shapes expectations for how quickly the central bank can ease policy. Traders will watch upcoming CPI prints and conflict developments to see whether the sub-5% peak materializes.
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Named in this story
Andrew Bailey, CPI, Bank of England