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 Source