Bailey speech: Expect four UK rate cuts next year as inflation eases

FXStreet
Updated
Mitrade
coverImg
Source: DepositPhotos

Bank of England (BoE) Governor Andrew Bailey spoke in a pre-recorded interview at the Global Boardroom Digital Conference hosted by the Financial Times (FT) on Wednesday.


Key quotes


Expect four UK rate cuts next year as inflation eases.


We emphasised the word gradual on the outlook for rates.


Disinflation process is well embedded but we have further to travel.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
GBP/USD poised for further headline-fueled gainsGBP/USD spun in a circle on Tuesday, falling and then climbing in lockstep with global money flows into and out of the US Dollar.
Author  FXStreet
23 hours ago
GBP/USD spun in a circle on Tuesday, falling and then climbing in lockstep with global money flows into and out of the US Dollar.
placeholder
GBP/USD falls to near 1.2300 as traders adopt caution ahead of Trump’s economic policiesGBP/USD loses ground after registering more than 1% gains in the previous session, trading around 1.2300 during the Asian hours on Tuesday.
Author  FXStreet
Jan 21, Tue
GBP/USD loses ground after registering more than 1% gains in the previous session, trading around 1.2300 during the Asian hours on Tuesday.
placeholder
GBP/USD ticks higher on softer USD; lacks bullish conviction and remains below 1.2200The GBP/USD pair kicks off the new week on a slightly positive note and reverses a part of Friday's decline, though the uptick lacks follow-through or bullish conviction.
Author  FXStreet
Jan 20, Mon
The GBP/USD pair kicks off the new week on a slightly positive note and reverses a part of Friday's decline, though the uptick lacks follow-through or bullish conviction.
placeholder
Pound Sterling tumbles as UK Retail Sales surprisingly declines in DecemberThe Pound Sterling (GBP) falls sharply against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) reported that Retail Sales surprisingly contracted in December, another data that adds to the weak economic outlook.
Author  FXStreet
Jan 17, Fri
The Pound Sterling (GBP) falls sharply against its major peers on Friday as the United Kingdom (UK) Office for National Statistics (ONS) reported that Retail Sales surprisingly contracted in December, another data that adds to the weak economic outlook.
placeholder
GBP/USD Price Forecast: Remains below 1.2250 barrier near nine-day EMAThe GBP/USD pair remains subdued for the second successive day, trading near 1.2230 during the Asian session on Friday.
Author  FXStreet
Jan 17, Fri
The GBP/USD pair remains subdued for the second successive day, trading near 1.2230 during the Asian session on Friday.
Real-time Quote