BoE's Bailey: I expect quite a drop in inflation
Source Fxstreet
Bank of England (BoE) Governor Andrew Bailey commented on his inflation outlook fore the UK economy while outlining how the BoE plans to wind down its government bond holdings to a more manageable level by the second half of 2025.
According to reporting by Reuters, the BoE plans to sell off 1.11 trillion USD worth of government bonds on the UK central bank's balance sheet by the midpoint of next year.
Key comments
Bailey thinks the next move on rates will be a cut.
The question is how long we maintain this level of monetary policy restriction.
I expect quite a drop in April inflation data.
Bailey will consider the IMF's recommendation of more MPC press conferences.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Prioritize filling the $27,000 gap and even try higher.
Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
The USD/JPY pair is seen consolidating in a narrow band around mid-159.00s during the Asian session on Tuesday as traders opt to wait for the crucial Bank of Japan (BoJ) before placing fresh directional bets.
Gold price (XAU/USD) holds steady near $4,600 during the early Asian session on Wednesday. The precious metal steadies as traders await a key Federal Reserve (Fed) interest rate decision later on Wednesday.
Related Instrument
