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BOE's Bailey - likely we will need to cut bank rate over the coming quarters; possible we will need to cut rates more than currently priced in
BOE'S BAILEY - LIKELY WE WILL NEED TO CUT BANK RATE OVER THE COMING QUARTERS
— First Squawk (@FirstSquawk) May 9, 2024
BOE'S BAILEY - POSSIBLE WE WILL NEED TO CUT RATES MORE THAN CURRENTLY PRICED INTO MARKET RATES
Added at 7:41am
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BOE GOV. BAILEY: WE HAVE NO PRECONCEPTIONS ABOUT HOW FAR AND FAST WE WILL CUT RATES.
— FinancialJuice (@financialjuice) May 9, 2024
Added at 7:50am
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BOE GOV. BAILEY: MARKET MOVES IN INTEREST RATE EXPECTATIONS HAVE BEEN DOMINATED BY US MOVES.
— FinancialJuice (@financialjuice) May 9, 2024
Added at 7:50am
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BOE GOV. BAILEY: THERE HAS BEEN SOME DECOUPLING RECENTLY BETWEEN UK AND US MARKET RATE EXPECTATIONS.
— FinancialJuice (@financialjuice) May 9, 2024
Added at 7:56am
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BOE GOV. BAILEY: ONE SMALL CUT IN THE BANK RATE WOULD STILL LEAVE US WITH RESTRICTIVE MONETARY POLICY.
— FinancialJuice (@financialjuice) May 9, 2024