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
Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
TradingKey - When it comes to US economic data, the Nonfarm Payrolls (NFP) is indeed one of the most significant indicators. This employment report, covering more than 90% of the employed population i
Gold price attracts some buyers near the $3,312-3,311 region during the Asian session on Monday and fills a modest bearish gap opening amid subdued USD price action.
Solana (SOL) price extends its recovery, trading above $192 at the time of writing on Monday, after rebounding from the ascending trendline support last week.
Silver (XAG/USD) builds on the previous day's positive move and gains strong follow-through traction for the second straight day on Tuesday.
Related Instrument
