- Need to see residual inflation pressures disappear
- Imperative that UK improves its current potential growth of 1.2-1.3%
More to come
GBP/USD has slackened to 1.3250 after touching above 1.33 and the highs of the year.
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BOE's Bailey: Optimisitic UK rates will fall further, need more evidence
- Comments after the BOE decision
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