- Disinflation in domestic prices, wage pressures is continuing
- Expect gradual easing of inflation pressure
- Overall impact of tariffs on inflation is still uncertain
- Following developments of UK-US trade deal closely
- I haven't been briefed about the details of the matter however
- Hopes for the trade deal to reduce uncertainty
- Need to watch carefully for second-round effects of inflation
- But that is not in our base case scenario
The Q&A will be more interesting as he will be pressed on voting intentions by both Mann and Pill. But I would expect Bailey to deflect those questions. Besides that, Bailey is also just reaffirming that there doesn't seem to be much details coming to surface now on the trade deal.
