The Caledonian Ranger

It's not a joke, so don't complain. They've just got a lot on. Governor Bailey has been out and about this week, kicking off with a warning the central bank is probably not done with raising rates thanks to ever-sticky inflation, the risks of which are "skewed significantly to the upside", according to the bank chief. Let ABBA ring out One day later, he was in front of the Treasury Select Committee alongside some colleagues, reasserting the headlines across the banking sector from the US to Switzerland were not related to the pivot from QE to QT. Instead, he argued the "importan...