• It's ok to continue with a gradual pace of rate cuts.
• Gradual cuts implies 100 bps of easing over the next year.
• This is closely aligned with market curve currently.
• That is not necessarily what will unfold, depending on economic conditions.
• There are conditions where the BoE can go faster.
• Labour market data is key for my view on rate cuts.
• Disinflation is unfolding as we would expect.
• QE is a tool that needs to be there for a crisis.
• QT is moving the BoE in a healthy direction compared to the past.