A post by @FirstSquawk on X.

Bank of England Governor Andrew Bailey said the upward slope in market yield curves partly reflects risk premia rather than expectations for future rate hikes, and described the current stance of policy as broadly appropriate. The remarks push back on the interpretation that markets are pricing a materially tighter rate path, suggesting officials see the prevailing level of restrictiveness as roughly right. The distinction matters for rate-sensitive assets because it implies the central bank is not signaling an imminent shift toward looser policy. Investors will watch upcoming inflation and labor data, along with the BoE's next policy decision, for confirmation that this stance holds.