Bank of England's Bailey Hints at March Rate Cut, But Sounds Caution Over Services Inflation

From poundsterlinglive.com

This is the takeaway from the appearance of the Bank of England Governor before Parliament's Treasury Select Committee. Andrew Bailey is discussing with lawmakers the Bank's decision to hold Bank Rate at 3.75% earlier this month, while hinting at what might come next. He told the Committee he will be going into the coming meetings "asking if a cut is justified". Bailey says inflation is returning to target, and this means there is scope for further easing in monetary policy. Markets see a near 90% chance of a rate cut in March. "In addition to political uncertainty, the markets are expecting another rate cut in ... (full story)