Bank of England Governor Andrew Bailey says it is "too soon" to see the price effects from the trade and tariffs action. Speaking on a panel at the ECB Forum on Central Banking in Sintra, Portugal, he also discusses UK inflation and says he sees signs of softening in the economy and labor market.
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Discussion on BOE's Bailey: It is premature to fully observe the monetary implications of tariffs, as their impact may still be siloed within supply chain dynamics and consumer behavior adjusments remain ongoing.
