The Governor of the Bank of England, Bailey, has not spoken for two months, making it difficult to predict the timing of interest rate adjustments

According to data from Jinshi, for the past two months, the Governor of the Bank of England, Bailey, has remained silent, leaving everyone unable to guess when the Bank of England will make a significant adjustment to interest rates. By the time the next decision is made, this Governor of the Bank of England will have over 10 weeks without making any public statements. Apart from a brief statement after the June rate meeting, this is his longest period without communication in over four years as governor. The main reason is that there was a blank period during Britain's six-week election period. Economic data has fluctuated greatly in recent weeks, including inflation data exceeding expectations. Tomasz Wieladek, Chief European Economist at T. Rowe Price, said it's interesting that Bailey hasn't indicated whether there might be an interest rate cut in August or September; however, it's difficult to determine for sure.