Andrew Bailey, governor of the Bank of England, at the central bank’s headquarters in the City of London, U.K., on Nov. 29, 2024.
Hollie Adams | Bloomberg | Getty Images
Bank of England Governor Andrew Bailey on Wednesday signaled that the U.K. could be on track for four interest rate cuts over the next year, if inflation continues on a downward path.
Speaking in a pre-recorded interview that aired at the Financial Times’s virtual The Global Boardroom event, Bailey added that inflation had come down faster than the central bank had anticipated.
This is a breaking news story and will be updated shortly.
Source link
