Bank of England's Bailey hints at up to four rate cuts in 2025 if inflation drops faster.

Bank of England Governor Andrew Bailey suggested that the UK could see up to four interest rate cuts in 2025 if inflation continues to fall faster than expected. Bailey made these remarks during a Financial Times event, noting that the Bank will adjust rates based on future economic data. Markets currently anticipate two cuts by May and a total reduction of around 80 basis points for the year.

December 04, 2024
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