Bailey speech: Q4 GDP figures do not change general story on the UK economy

Bank of England (BoE) Governor Andrew Bailey said on Monday that the fourth quarter Gross Domestic Product (GDP) figures do not change general story on the UK economy.

Additional quotes

Question of whether supply or demand is behind the UK economic weakness will take some time to resolve.

Impact of US trade tariffs on inflation is much more ambiguous than their impact on growth if they lead to fragmentation of world economy.

We still see the gradual disinflation going on.

The economic context is not really supporting the view that we will get more persistence in inflation.

Encouraged by Fed Chairman Powell saying he expects US to implement basel 3.1 bank rules.