BoE's Bailey says it is not appropriate to say now whether the Bank will hold or raise rates in the future

BoE's Bailey says it is not appropriate to say now whether the Bank will hold or raise rates in the future.

Bailey's remarks indicate a cautious approach from the BoE regarding future rate decisions, suggesting uncertainty around the economic outlook and potentially impacting market expectations. This ambiguity might reinforce volatility in GBP and influence fixed income markets, as traders reassess the likelihood of rate hikes against evolving economic conditions.