Bailey Says UK Is Seeing Subdued Second-Round Inflation Effects

Bank of England Governor Andrew Bailey said the UK is not yet seeing significant second-round inflation effects, pointing to a softening labor market. The comment implies near-term easing pressure on wages/inflation persistence, but does not provide a specific rate decision or guidance. Overall, it is a modestly supportive signal for inflation outlook rather than a clear policy shift, suggesting limited but watchful impact on rate expectations.