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Bank of England Governor Andrew Bailey Talks UK Labor, Interest Rates | Bloomberg Talks
Posted
July 30, 2026
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97
July 30, 2026
97
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7:15Now PlayingSpeaking to Bloomberg’s Francine Lacqua following the Bank of England’s decision to hold interest rates, Governor Andrew Bailey highlighted how geopolitical unpredictability and volatile oil prices pose ongoing upside risks to inflation, even as domestic price metrics temporarily eased. He noted a cooling "low-hire, low-fire" UK labor market, driven by broader economic softening rather than early-stage AI adoption, where reduced turnover is driving up youth unemployment and creating hurdles for job seekers.
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