BoE's Bailey: no steer on future interest rates, depends on evidence

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, May 11 (Reuters) - Bank of England Governor Andrew Bailey said on Thursday he was not giving directional steer on future interest rate decisions, adding that the central bank will be guided by evidence. "We are not giving directional steer on rates," Bailey said at a press conference after the bank raised its key interest rate. "We will be guided by the evidence and that's very important."
(Reporting by UK bureau, writing by Muvija M; editing by Sarah Young)

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