Speaking before the Treasury Select Committee, Bank of England (BoE) Governor Andrew Bailey warned that while the direction for interest rates remains downward, there is “considerably more doubt” over how quickly cuts can be delivered. He added that risks to inflation have risen, even as he voiced more concern than his colleagues about the potential hit to jobs.
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Source: https://www.fxstreet.com/news/boes-bailey-doubts-grow-on-how-fast-rates-can-be-cut-202509031352
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