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LONDON Bank of England Governor Andrew Bailey said on Monday that he does not see long-term implications from an expected pick-up in inflation as the economy emerges from the coronavirus pandemic.
British inflation jumped to 1.5% in April from 0.7% in March, due to a mix of higher oil prices, rises in regulated household energy bills and comparisons against weak prices a year ago during the depths of the pandemic.
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“The Monetary Policy Committee judges that these transitory developments should have few direct implications for inflation over the medium term,” Bailey said in an annual report to parliament’s Treasury Committee.
Bank of England s Bailey calls crypto-currencies dangerous
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Bank of England s Governor calls cryptocurrencies dangerous
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Last Updated: May 24, 2021, 10:04 PM IST
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Synopsis I m sceptical about crypto-assets, frankly, because they re dangerous and there s a huge enthusiasm out there, Bailey told the British parliament s Treasury Committee.
Reuters
Bailey has previously said people should only invest in crypto-currencies if they are prepared to lose all their money
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LONDON: Bank of England Governor Andrew Bailey said on Monday that crypto-currencies and similar assets were a danger to the public, reiterating his long-standing concern about them. I m sceptical about crypto-assets, frankly, because they re dangerous and there s a huge enthusiasm out there, Bailey told the British parliament s Treasury Committee.
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(Reuters) -London’s FTSE 100 edged higher on Monday after posting its second straight weekly drop, while Cineworld Group gained following a strong weekend opening after a months-long lockdown in the UK.
FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls
The blue-chip index rose 0.5% with consumer discretionary stocks, mainly Compass Group Plc, Flutter Entertainment and Entain rising between 2.2% and 2.7%.
Oil majors Royal Dutch Shell and BP were also among the biggest risers on the index, rising 9.8% and 4.2%, respectively. [O/R]
The domestically focused mid-cap FTSE 250 index advanced 0.4%. Cineworld rose 3.2% after the world’s second-largest cinema chain said its UK cinemas pulled in more people than expected, helped by Sony Pictures’ animated adventure comedy “Peter Rabbit 2: The Runaway”. [nL3N2NB1NG]
Cryptos, similar assets danger to public: BoE Governor
I m sceptical about crypto-assets, frankly, because they re dangerous and there s a huge enthusiasm out there, Bailey told the British parliament s Treasury Committee
Reuters | May 24, 2021 | Updated 22:33 IST
Bitcoin has lost more than 40% of its value since hitting a record high last month
Bank of England Governor Andrew Bailey said on Monday that crypto-currencies and similar assets were a danger to the public, reiterating his long-standing concern about them. I m sceptical about crypto-assets, frankly, because they re dangerous and there s a huge enthusiasm out there, Bailey told the British parliament s Treasury Committee.
Bailey has previously said people should only invest in crypto-currencies if they are prepared to lose all their money, and warned that assets such as bitcoin do not fulfil key functions of a standard means of payment.
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