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Bailey says data "don't broadly" change first rate cut timing

BOE
  • Bailey says inflation slightly undershot this month and overshot this month so pretty much where we were. Downward pressure was pretty broad based - including a little bit in services - broadly where we thought we were going to be.
  • He says the data "don't broadly" change when first rate cut will be. The big chance in Feb was the change in Q from how restrictive do we need to be to how long we need to be restrictive "and today's numbers leave us in that position, actually"

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