BoE's Bailey sticks to 'gradual' script for rate cuts

BoE's Bailey sticks to 'gradual' script for rate cuts

© Reuters. FILE PHOTO: Governor of the Bank of England Andrew Bailey attends the biannual Financial Stability Report press conference at the Bank of England, in London, Britain November 29, 2024. BENJAMIN CREMEL/Pool via REUTERS/File Photo

“This sort of disinflation process is now well embedded,” Bailey told the Financial Times Global Boardroom event.

“There is still a distance to travel because although inflation came down to target over the summer, we’ve been saying for a while that… we were probably going to go back a bit above target.”

To read the full article, Click Here

Related posts