BOE’s Bailey: It’s reasonable that markets are pricing in rate cuts this year

  • It’s reasonable that markets are pricing in cuts given the inflation path
  • Technical recession at the end of 2023 appears to be subsiding
  • Very hopeful and encouraged by signs in the economy but need to see consistent progress towards hitting inflation target before rate cut

No big surprises here but today’s SNB decision shows rate cuts can come sooner than anticipated.

This article was written by Adam Button at www.forexlive.com. Source