Bank of England Governor Andrew Bailey hinted that four interest rate cuts could be in the pipeline over the coming year. Bailey told the Financial Times that inflation had come down faster than the central bank had been anticipating.

Bank of England Governor Andrew Bailey signaled that policymakers still believe four quarter-point interest rate cuts next year is the most likely scenario as he said inflation has come down “faster than we thought it would.

Bank of England Governor Andrew Bailey reiterated in an interview published today that gradual cuts in interest rates are likely over the next year, adding that the process of falling inflation is well embedded.

The governor of the Bank of England has said there are likely to be four interest rate cuts next year as inflation falls away.

The Pound Sterling experiences a whipsaw move after BoE Governor Bailey predicted four interest-rate cuts in 2025 as he expects the disinflation process is embedded. Traders expect the BoE to keep interest rates steady at 4.75% at this month's meeting.

Bank of England Governor Andrew Bailey reiterated in an interview published on Wednesday that gradual cuts in interest rates are likely over the next year, adding that the process of falling inflation is well embedded.