Bank of England Governor Andrew Bailey said that financial markets are putting too much weight on the current data releases and underestimates the persistence of inflation. At the Treasury Select Committee hearing on Tuesday, Bailey said the decline in inflation was good news. Inflation will end the year a bit lower than the central bank estimated, the BoE Governor told lawmakers.However, Bailey s...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.