BoE's Taylor: Disinflationary forces are building
Source Fxstreet
Bank of England (BoE) rate-setter Alan Taylor noted late on Friday that downside pressures are continuing to build up underneath the UK's economy, signaling that early rate cuts may be needed ahead of a questionable forecasting period.
Key highlights
Would expect bank rate to normalise close to 2.75%, absent shocks.
Would expect bank rate, should MPR inflation projections be close to what we actually see, at around 3% by end of 2026.
Better to cut rate now and hold for longer later rather than hold too long and cut in a hurry.
Disinflationary forces are building this year.
Insurance against deteriorating demand is advisable.
A soft landing for the UK economy is at risk.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Stablecoin market cap unlikely to hit $2 trillion by 2028: JPMorganIn a note to investors on Thursday, JPMorgan Chase estimated that the stablecoin market could reach $500 billion by 2028, a modest prediction compared to popular forecasts of a $1-$2 trillion market capitalization increase over the same period.
In a note to investors on Thursday, JPMorgan Chase estimated that the stablecoin market could reach $500 billion by 2028, a modest prediction compared to popular forecasts of a $1-$2 trillion market capitalization increase over the same period.
XRP price started a decent upward move from the $2.20 zone. The price is now correcting some gains and might find bids near the $2.220 zone. XRP price started a fresh increase above the $2.220 zone.
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and for now, seems to have stalled its retracement slide from a one-and-a-half-week high touched the previous day.
Vincent Van Code, a software engineer and long-time XRP advocate, ignited fresh debate across the crypto community by outlining what he believes to be the transformative implications of Ripple’s
Solana started a recovery wave above the $150 zone. SOL price is now correcting gains and might struggle to rise above the $155 resistance. SOL price started a fresh decline after it failed to clear
Related Instrument
