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A little nudge to markets to price a little less hikes

BOE
  • Bailey said that inflation will "probably fall" further below the 1.95% at the 3-year period given what's priced in.
  • This is a little nudge to markets to price in a little less (and the most explicit statement so far to that effect).
  • Pretty much the only thing worth noting from the opening statement that wasn't up front in the MPR or Minutes.

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