BoE Governor Bailey (Q&A) says as we get closer to neutral, rate decisions become a closer call

BoE Governor Bailey (Q&A) says as we get closer to neutral, rate decisions become a closer call.

BoE Governor Bailey's comments suggest that as the central bank approaches a neutral interest rate position, future rate decisions will become increasingly nuanced. This indicates potential volatility in GBP and fixed income markets, as expectations will shift in response to incoming data and the evolving economic landscape.