BOE’s Bailey: We cannot say that interest rates have peaked

  • Markets form their own view
  • We are more cautious than markets
  • It’s really too early to start speculating about rate cuts
  • There is more to do on bringing inflation down to target
  • But there are encouraging signs on inflation

Bailey is offering some pushback to the market pricing in recent weeks but even so, the odds of a rate cut in May are still seen at ~94% currently with 42 bps of rate cuts priced in for June next year.

This article was written by Justin Low at Source