BOE governor Bailey reaffirms that rate cuts this year is not unreasonable

All our meetings are in play, we take a fresh decision each timeNeed to have confidence that wages are heading in the right directionDon't need to wait for inflation to drop to 2% before cutting ratesRecent economic developments is obviously good newsThe job on inflation is not done but what we are seeing is encouragingFull transcript (may be gated)There's nothing surprising from his remarks above. They are merely a rehash of the ones yesterday here with just a bit more colour. This article was written by Justin Low at www.forexlive.com.

Mar 22, 2024 - 10:50
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BOE governor Bailey reaffirms that rate cuts this year is not unreasonable
  • All our meetings are in play, we take a fresh decision each time
  • Need to have confidence that wages are heading in the right direction
  • Don't need to wait for inflation to drop to 2% before cutting rates
  • Recent economic developments is obviously good news
  • The job on inflation is not done but what we are seeing is encouraging
  • Full transcript (may be gated)

There's nothing surprising from his remarks above. They are merely a rehash of the ones yesterday here with just a bit more colour.

This article was written by Justin Low at www.forexlive.com.
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