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Bailey speech: Key factors for May rate decision were domestic, not tariffs

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Bailey speech: Key factors for May rate decision were domestic, not tariffs

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New update 2025.06.03 18:28
Bailey speech: Key factors for May rate decision were domestic, not tariffs

update 2025.06.03 18:28

Bank of England (BoE) Governor Andrew Bailey is testifying on the May Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday. 

Key quotes

Key factors for May rate decision were domestic, not tariffs.

We have not seen particular inflation surprises.

Labor market has loosened somewhat.

Pay growth is above levels consistent with 2% inflation target but lower than expected in Feb.

Gradual and careful remain my guide for rates.

Market reaction

developing story ...


Date

Created

 : 2025.06.03

Update

Last updated

 : 2025.06.03

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