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Bailey: New prospects for money
I want to start by welcoming the Chancellor’s announcements this evening aimed firmly at encouraging investment in the productive economy. Since the financial crisis fifteen years ago we have seen potential output growth fall in many economies, the UK included. A sustained and robust improvement of the supply side of the economy is the only means to raise productivity and thereby the standard of living in a way that lasts the test of time. In pursuing supply side improvements, we must also respond to recent events in a way that recognises the need to diversify our supply chains and make them more robust, but ... (full story)
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— Viraj Patel (@VPatelFX) July 10, 2023Very little from Bailey's Mansion House speech on what the BoE will do on policy in the coming months. All down to the next few UK jobs & CPI reports IMO $GBP pic.twitter.com/KKlO4WKLmG
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MORE BOE'S BAILEY: SOME TIGHTENING IS STILL TO COME THROUGH THE POLICY PIPELINE#bankofengland #monetarypolicy #ukeconomy #andrewbailey #inflation
— Mace News (@MaceNewsMacro) July 10, 2023