BoE's Bailey Says Markets Have Grasped Message on Less Certain Rate ...

BoE's Bailey Says Markets Have Grasped Message on Less Certain Rate ...

No more rate cuts at Bank of England this year, warns Bailey

The Bank of England Governor yesterday warned there was now “considerably more doubt” about further interest rate cuts – in a blow to millions of borrowers, writes John-Paul Ford Rojas. Andrew Bailey told MPs that while he continued to expect rates to come down it was harder to say when that would happen – after inflation rose more quickly than expected. And he appeared to endorse traders betting there will be no further cuts this year, saying t…

Interest rates: 'Considerably more doubt' over future cuts, Bank of En

There is “considerably more doubt” over when future interest rate cuts can take place, the governor of the Bank of England has said. Andrew Bailey told a committee of MPs that the risks around inflation had gone up and he was “more concerned” about weakness in the labour market. Bank staff projections expect the main consumer prices index measure of inflation to rise to 4% this year – double the 2% target rate – from its current level of 3.8%. F…

Bailey warns of ‘considerably more doubt’ in cutting interest rates - London Business News

The Bank of England governor Andrew Bailey has warned the risks around inflation and the financial markets remaining jittery over the Chancellor is casting doubt over a base rate cut.… The post Bailey warns of ‘considerably more doubt’ in cutting interest rates appeared first on London Business News

BoE’s Bailey says markets have grasped message on less certain rate cuts

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'Considerable doubt’ over further rate cuts: BoE Bailey    – Mortgage Strategy

The Bank of England governor warned that there is “considerably more doubt” about when the central bank will be able to cut interest rates again.   Andrew