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The Bank of England may expedite interest rate cuts in response to positive Inflation news, Governor Andrew Bailey indicated in an interview with the Guardian. Bailey suggested the possibility of a more proactive approach by the BoE. With the current Bank Rate at 5%, a potential reduction is anticipated at the November meeting following August’s rate cut, the first in four years.

Bailey expressed optimism over Inflation pressures easing but highlighted the impact of Middle East conflict on oil prices. He acknowledged the seriousness of geopolitical concerns and the potential risks they pose to already strained markets. While emphasizing a commitment to market stability, Bailey cautioned about the possibility of control breakdown in the event of escalating tensions.

The Governor’s remarks underscore the need for vigilance in monitoring global developments that could impact economic stability.

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