BOE Governor Pushes Back Against Market Bets on Early Rate Cuts

📆 8/11/2023 6:27 a. m.
📰 BNNBloomberg

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(Bloomberg) -- Bank of England Governor Andrew Bailey pushed back against the market bets on interest rates, saying that officials need to carry on fighting inflation for now.

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Traders Boost UK Rate-Cut Bets on Signs BOE Won’t Fight MarketTraders are pricing 75 basis points of UK interest-rate cuts next year for the first time after a key policy maker hinted the Bank of England won’t push back against market pricing.
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