BoE's Bailey says gradual rate cut view is not a prediction for August
Published by Global Banking & Finance Review®
Posted on June 19, 2025
1 min readLast updated: January 23, 2026
Published by Global Banking & Finance Review®
Posted on June 19, 2025
1 min readLast updated: January 23, 2026
BoE's Andrew Bailey states that while interest rates are expected to gradually decrease, this is not a prediction for August's decision.
LONDON (Reuters) -The Bank of England's expectation that interest rates will move gradually downwards is not a prediction for its next policy decision in August, Governor Andrew Bailey said on Thursday.
"I expect that the path of interest rates will continue to be gradually downwards. Now I'm not giving you a prediction on August by saying that," Bailey said in a video clip published on the BoE's LinkedIn page.
(Reporting by Andy BruceEditing by William Schomberg)
Governor Andrew Bailey stated that the Bank of England expects interest rates to move gradually downwards.
No, Bailey clarified that the expectation of a gradual rate cut is not a prediction for the next policy decision in August.
Bailey's comments were published in a video clip on the Bank of England's official LinkedIn page.
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