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Don't follow the Bank of England too closely as an investor

By Chris Bailey | Wednesday 20 December 2023


The Governor of the Bank of England and I must be related somehow, albeit his direct ancestors over the last century or so had much more access to any of the money than my direct ancestors did. Interestingly, there was only one of us who studied undergraduate Economics but, then again, only the now Bank of England supremo started his career at the London School of Economics and then the Bank of England itself whilst the closest I have been with the latter is visiting its rather good museum (worth a trip in my opinion). Anyhow, the reason I am rambling on about Mr Bailey is that today's Consumer Price Index (CPI) numbers are rather good news for him. Interest rate cuts set fair for 2024 then?
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