BOE's Bailey Sees Scope for Further Easing
Market Intelligence Analysis
AI-PoweredBank of England Governor Andrew Bailey suggests potential for further monetary policy easing, citing inflation returning to target 'soon', which revives hopes for a rate cut next month.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Bank of England Governor Andrew Bailey, speaking at a news conference in London, said there "should be scope for some further easing in monetary policy" given that inflation is on track to return to the 2% target "soon." Earlier the BOE voted 5-4 to leave rates unchanged at 3.75%. The closer-than-expected decision revived hopes of a move next month. (Source: Bloomberg)
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