BoE’s Bailey sees rate path shrouded increasingly by uncertainty

LONDON (Reuters) -Bank of England Governor Andrew Bailey said the path for interest rates was now shrouded in more uncertainty than before because of global trade policy turmoil.

“I think the path remains downwards, but how far and how quickly is now shrouded in a lot more uncertainty,” Bailey told parliament’s Treasury Committee.

“We’ve added the word ‘unpredictable’ to ‘uncertain’ because of the sheer nature of what we’re dealing with.”

(Reporting by David Milliken and Suban Abdulla, additional reporting by Muvija M, editing by William James)