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Wilkins Lays The Groundwork For BOC To Ease
BOC’s Senior Deputy Governor Carolyn Wilkins delivered which appears to be laying the groundwork for a potential cut. Whilst she tips her hat to an economy which is “relatively well overall”, she pointed to regional differences and reiterated concerns over the “immense challenges” faced by the global economy. On rates, whilst they “may be relatively low now” she added the bank “still has room to manoeuvre” and that “lowering rates could provide some insurance against downside to inflation”. Moreover, she added that the central bank has additional options in their tool kit such as ... (full story)