TechFlow News, March 19: According to JIN10 Data, Bank of England Governor Andrew Bailey stated in a BBC interview that markets are acting somewhat hastily in anticipating interest rate hikes. “I urge everyone not to jump to definitive conclusions about whether rates need to be raised… We have already sent a very clear message today: the most appropriate course of action at present is to hold rates steady.” Bailey added that the Bank will “carefully and continuously” assess the scale and severity of this conflict. He also emphasized that this is not 2022—when inflation surged into double digits and interest rates were sharply and significantly raised, indicating that rates were already high at that time.
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