BOE's Bailey: There is a risk of second-round effectsAfter there rate hikes we are on a tightening path
The path of inflation will depend on energy
I believe we can effect a soft landing, but it is a narrow path
Lately, Bailey has been taking a more dour view of economic growth so it's no surprise that cable has finally broken down. This is the kind of break that lasts awhile.
Source: BOE's Bailey: There is a risk of second-round effects (https://www.forexlive.com/centralbank/boes-bailey-there-is-a-risk-of-second-round-effects-20220422/)
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