Event Brief
May 29, 2026 at 2:05 PM ET
BoE governor warns Middle East ceasefire would add uncertainty
By The BriefBrief
Andrew Bailey says rate cuts can only come when policymakers are much more confident.
WHO: Andrew Bailey, governor of the Bank of England
WHAT: Warned that a Middle East ceasefire would still create uncertainty and said rate cuts require greater confidence.
WHEN: May 29, 2026 at 1:26 PM ET
WHERE: United Kingdom
WHY: He said policymakers can only cut rates when they are much more confident, and that a Middle East ceasefire would still create uncertainty.
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