{"id":29509,"date":"2025-07-01T09:41:13","date_gmt":"2025-07-01T09:41:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/29509\/"},"modified":"2025-07-01T09:41:13","modified_gmt":"2025-07-01T09:41:13","slug":"bailey-speech-labour-market-is-softening","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/29509\/","title":{"rendered":"Bailey speech: Labour market is softening"},"content":{"rendered":"<p><a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\" class=\"\" data-fxs-autoanchor=\"\" target=\"_blank\" rel=\"noopener\">Bank of England<\/a> Governor Andrew Bailey said on Tuesday that they have to watch very carefully for consequences of inflation, per Reuters.<\/p>\n<p>Key takeaways<\/p>\n<p>&#8220;Labour market is softening.&#8221;<\/p>\n<p>&#8220;Path of interest rates will continue to be gradually downwards.&#8221;<\/p>\n<p>&#8220;We&#8217;ve seen a steepening of the long term bond yield curve.&#8221;<\/p>\n<p>&#8220;I don&#8217;t think there&#8217;s anything unusual about the UK in terms of the yield curve.&#8221;<\/p>\n<p>&#8220;There will be no sustained growth without stable low inflation.&#8221;<\/p>\n<p>&#8220;I don&#8217;t believe that quantitative tightening is causing steepening of yield curve.&#8221;<\/p>\n<p>&#8220;Yield curve steepening partly as a response to high level of uncertainty in global economy.&#8221;<\/p>\n<p>&#8220;I don&#8217;t think investors are concerned about viability of UK debt stock.&#8221;<\/p>\n<p>&#8220;Internationally there is an increase in uncertainty.&#8221;<\/p>\n<p>&#8220;Increase in uncertainty is coming through in terms of economic activity and growth.&#8221;<\/p>\n<p>&#8220;Businesses tell me they are putting off investment decisions.&#8221;<\/p>\n<p>Market reaction<\/p>\n<p>These comments failed to trigger a noticeable reaction in GBP\/USD. At the time of press, the pair was trading marginally higher on the day near 1.3750.<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of England Governor Andrew Bailey said on Tuesday that they have to watch very carefully for consequences&hellip;\n","protected":false},"author":3,"featured_media":29510,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[25220,64,8398,79,67,132,68],"class_list":{"0":"post-29509","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-boe","9":"tag-business","10":"tag-centralbanks","11":"tag-economy","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114777324454142483","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/29509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=29509"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/29509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/29510"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=29509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=29509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=29509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}