BoE's Bailey: UK Second-Round Inflation Pressures Subdued So Far

Bank of England Governor Andrew Bailey stated that while energy prices have surged, their broader impact on UK inflation appears subdued at present. Speaking in Bangkok, Bailey cautioned it was premature to draw definitive conclusions on second-round effects. This assessment from a major central bank suggests a potentially less aggressive global tightening cycle, which could offer mild support to international gold prices, though direct impact on USD/PKR is expected to be limited.

بحوالہ / Source: www.brecorder.com