Bank of England to keep rates on hold, but faster cuts are coming

From think.ing.com

The Bank of England may have started cutting rates ahead of the Federal Reserve, but you wouldn’t know it listening to recent comments from the UK's central bank. The tone of the August meeting and subsequent speeches have made it abundantly clear that officials don’t want markets running away with the idea that this is going to be a rapid easing cycle. Markets have taken notice. Not only are investors pricing fewer cuts before the end of this year, but they expect rate cuts to land at a higher level in the UK than the US too. That wasn’t the case before the summer. Some of that caution can also be explained by ... (full story)