Bailey’s Bailey’s Bailey’s Bailey’s Bailey could not prevent the effects of the Britain
British Bank’s Governor Andrew Bailey, on February 6, 2025 Press Conference on the British Bank in London, England.
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If the UK is not the “direct buyer” of the potential tariffs implemented by the United States, “It will be an effect”, British Governor Bank of Andrew Bailey, on Thursday.
If tariffs are announced, global economic growth and inflation should affect Bailey CNBC’s Steve Sedgwick.
“Now I think that in terms of growth in the world economy, this will bring this to the world economy, not good for growth,” Bailey said. “The effect on inflation is more unequivocal, because it depends on what other countries respond, which depends on how the consequences of these actions and reactions are for the trade.
US President Donald Trump warned that Britain may be eligible for tariffs, but also showed Deal can potentially hit. Last week, Trump declared tariffs for goods imported from China, Canada and Mexico before Stop planned tasks The second is about importing from two economies.
On Thursday, Bailey also noted that England’s “There is no significant trade in the United States”
In September 2024, England was the largest trade partner in England, more than 17% of the total British trade was accounting. official information.
Depending on what figures you look at, there are either a small trade in two countries deficit or now. Those who are important to Trump – those who express less than the import of US imports, expressing dissatisfaction – figures are almost balanced.
Bailey also pointed out that the services are a large part of the British trade and that classical tariffs have not affected by other goods in the same way.
‘Gradual’ and ‘cautious’ boe decision
On Thursday, the Bank of England reduced the evaluation rate to 4.5% to 25. Seven members of the Nine Power Policy Committee (MPC) voted to reduce the 50-key point of seven members and two members.
After the announcement, the Bailey press conference was expected to be further reduced in a press conference as a press conference, but said that these decisions will be held at the meeting at the meeting.
Speaking to CNBC, Bailey described the “gradual” and “gradual” that central bankers used these words “very deliberately”.
The word “gradual” was referred to the process of disinforcing, “careful” was a knot that “risks and uncertainties”. “
Such uncertainties, “You know, openly, you know, we know that we have to solve higher inflation, we can cause such adaptation in inflation.” He added that this inflation is unlikely to insist.
On Thursday, Boe also reduced the UK growth expectation for 2025 to 0.75% to 0.75%.
Economy Flattened in the third quarterAccording to reports in December, the last monthly GDP read, after 0.1% in October, in November, the economy was expanded by only 0.1% of the economy in November.
– CNBC’s Chloe Taylor and Holly Ellikatt contributed to this report.
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