BOE’s Pill: There is scope fore more rate cuts if disinflation continues

November 8, 2024
-FCHFX

November 08, 2024 at 12:52PM

Looking at wages, margins and labour market tightness

To a large extent, we will have to look through inflationary impact of government budget

Gradual reduction in interest rates is conditional

Political developments in the US and Germany do pose some questions

Nothing there that hasn’t been said by Bailey already yesterday. There continues to be the emphasis on the term “gradual” from the statement but it really just means they can cut rates or choose to hold, if they wish, at the subsequent meeting(s).

This article was written by Justin Low at www.forexlive.com.

BOE’s Pill: There is scope fore more rate cuts if disinflation continues

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