BoE Governor Bailey (Q&A), asked if the message is to 'get ready for rate hikes', says no; says today is an active hold

Governor Bailey's remarks indicate a continued hold on rates rather than signaling imminent hikes, suggesting the BoE is cautious amidst prevailing economic uncertainties.

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This may imply that market expectations for tightening could be recalibrated, impacting GBP and potentially influencing fixed income dynamics as traders gauge the bank's commitment to its current policy stance.

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