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Q: Are you pushing back on market pricing?

BOE

Is that why you are saying the first cut isn't for some time?

  • Bailey says not trying to influence the market curve.
  • Ramsden adds that given the uncertainty it was important to emhasise that rates would stay restrictive for some time.
  • Bailey then says that in both the constant and market rate paths, inflation is around the target in the medium-term and that both forecasts give similar outcomes.

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