BOE's Bailey Raises Prospect of Rate Cuts: Bloomberg UK

Bank of England Governor Andrew Bailey has raised the prospect of rate cuts for Britain before the Federal Reserve moves. Bailey shrugged off a smaller-than-expected drop in UK inflation. But should the BOE drop its 2% target altogether for something more flexible? We discuss with Bloomberg's Marcus Ashworth and John Stepek. We also explore the outlook for UK retail with Helen Brocklebank, CEO of Walpole, the official sector body for UK luxury. "Bloomberg UK" focuses on the biggest economic, financial and political issues facing Britain. The program goes beyond the market moves with expert analysis and top interviews from the heart of London.
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[@craptacular8282]

This talk of rate cuts is just a credible threat. If Bailey talks up rate cuts, the banks will lower lending rates in anticipation of BoE cuts and then the BoE won't have to actually cut.

[@vthomas2482]

WOW!!!

[@ghgoogle5238]

I did my speech on Monday to my followers. The theme was devaluation of GBP & EURO in fourth quarter 2024. The day after a dollar fall people feel bullish. BOLL*CKS I say we see $1.20 Usd to Sterling before we see $1.30 Usd. Oh the UK has no freedom of movement on currency apps. Ask why? Sterling run will see 7% interest rates.

[@stewartfearn3473]

2% Target lol, CPI has averaged 3% for 20 years and 5% over the last 4. The guy wants to raise the target when we have already missed target by a country mile over a generation.