BoE Governor Bailey (Q&A), on market views of around two rate cuts this year, says neutral rate is in the range of 2-4%; market curve is a 'reasonable profile' to have right now, fits with his thinking, but doesn't condition the timing or scale of moves
BoE Governor Bailey is signaling that the current market expectations of around two rate cuts this year align with his view of a neutral rate, but he refrains from endorsing specific levels like 3.25%.
BoE Deputy Governor Ramsden (Q&A) says Gilt moves have been in a very narrow range
BoE Governor Bailey (Q&A) says there has been some move in Gilts on UK political scandal, but all moves have this morning been orderly
BoE Governor Bailey (Q&A), on market views of around two rate cuts this year, says neutral rate is in the range of 2-4%; market curve is a 'reasonable profile' to have right now, fits with his thinking, but doesn't condition the timing or scale of moves
About six firms are considering US IG debt sales for Thursday, according to Bloomberg survey
BoE Governor Bailey (Q&A) says as we get closer to neutral, rate decisions become a closer call
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- Says he doesn't endorse 3.25%, but adds it is a reasonable market curve
This suggests some alignment between market pricing and the Bank's outlook, but importantly, he does not confirm the timing or severity of potential rate moves, indicating ongoing uncertainty about policy direction. Traders should consider how this flexibility in guidance might influence GBP and fixed income markets moving forward.
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