Bailey speech: Bringing inflation down to 2% will be hard work

In an interview with Chroniclelive on Monday, Bank of England (BoE) Governor Andrew Bailey said that “bringing inflation down to 2% will be hard work.”

“A lot of inflation's recent decline is due to the unwinding of energy cost surge,” Bailey added.

Nov 27, 2023

Forex Today: US Dollar struggles despite a cautious start to the inflation week

Here is what you need to know on Monday, November 27: Major currency pairs extend their range play into Monday, as investors refrain from placing fresh directional bets amid souring risk sentiment and ahead of key inflation data from the United States (US) and the Eurozone later this week.

BoJ’s Ueda: Cannot say with conviction that inflation will hit 2% sustainably

Bank of Japan (BoJ) Governor Kazuo Ueda continued to dismiss expectations of Japan sustainably achieving the 2% price target.