Bank of England governor Andrew Bailey forecasts another big drop in inflation, boosting hopes for a cut in interest rates

Daily Mail— The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.

The Guardian—Bank of England’s chief economist dampens hopes of summer interest rates cut. Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...

@cityam—Why the Bank of England might be wary of cutting interest rates before the Fed. The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.

The Guardian—Bank of England governor shrugs off smaller-than-expected fall in inflation. Andrew Bailey says inflation is in line with BoE forecasts but view of markets is that data will delay interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe governor of the Bank of England, Andrew Bailey, has shrugged off a smaller-than-expected drop in inflation last month, saying he expected a sharp fall towards the government’s 2% target next month.Speaking in Washington after news that the government’s preferred measure of the cost of living had eased to 3.2% in...