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(Reuters) – Forecasts for key rate cuts in the United Kingdom this year are not “unreasonable,” said Bank of England (BoE) Governor Andrew Bailey, who is also optimistic about the British economy. .
“The fact that we have a curve that predicts reductions for the whole year is not unreasonable to me,” he said in an interview with the Financial Times (FT).
Andrew Bailey also welcomed recent indicators showing a reduction in inflationary pressures in Britain.
“All our meetings are important. We take a new decision at each one,” he said when asked about a possible cut in interest rates for the upcoming meetings of the Monetary Policy Committee (MPC). .
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At the end of the MPC meeting on Thursday, Andrew Bailey estimated on Thursday that the British economy was “moving in the right direction” for the bank to start reducing its rates, after its decision to leave them unchanged for the fifth time in a row .
In the interview with the FT, Andrew Bailey stressed that central bank officials “did not see a marked persistence” in inflation.
(Written by Jyoti Narayan in Bangalore and William Schomberg in London, French version Claude Chendjou, edited by Kate Entringer)
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