BOE's Bailey: We have seen a weakening in demand but also a weakening on the supply side

post: ECB'S SIMKUS: MARKET EXPECTATIONS ON ECB RATE CUTS ARE TOO OPTIMISTIC.

post: BOE GOV. BAILEY: THE LATEST DECLINE IN INFLATION WAS GOOD NEWS. NEWS ON INFLATION WAS LARGELY AS WE EXPECTED. post: BOE GOV. BAILEY: FURTHER DECLINE IN FOOD INFLATION WILL COME IN 1Q. WE WILL THEN LOOK TO SEE SECOND ROUND EFFECTS UNWIND. post: BOE GOV. BAILEY: INFLATION WILL END YEAR A LITTLE LOWER THAN WE EXPECTED, BUT NOT BY MUCH. post: BOE GOV. BAILEY: WE'VE SEEN SOME WEAKENING ON THE QUANTITY SIDE OF LABOUR MARKET. post: BOE GOV. BAILEY: THERE ARE SOME SIGNS THAT WAGE GROWTH IS COMING OFF, BUT WELL ABOVE THE INFLATION TARGET AT A CONSISTENT LEVEL.

In October, the Consumer Price Index (CPI) rose 3.1% on a year-over-year basis, down from a 3.8% gain in September. The year-over-year deceleration was largely a result of lower ...