BoE Governor Bailey (Q&A) says Scenario C does not deliver a recession, says it is a profile of slower growth; notes again that different policy rules give different outcomes

With Governor Bailey indicating that Scenario C suggests slower growth without leading to a recession, it underscores a dovish stance from the BoE regarding economic outlooks. The mention of differing policy rules influencing outcomes hints at potential for policy shifts depending on economic assessments, which could affect rates and provide insights into the future behavior of GBP and fixed income markets.