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Forex news -forex broker review => Forex => Topic started by: forex4you on Nov 27, 2024, 05:08 am

Title: BoE Lombardelli - need more evidence of cooling price pressures before another rate cut
Post by: forex4you on Nov 27, 2024, 05:08 am
BoE Lombardelli  - need more evidence of cooling price pressures before another rate cut

Earlier on this is here:

Speaking in an interview with the Financial Times. The FT is gated, but Bloomberg have a further rundown.

In brief:

  • Lombardelli said she needs to see more evidence of cooling price pressures before she backs another interest rate cut.
  • reiterated the BOE's messaging for a "gradual" easing in policy:
  • "It depends on what we see in the data,"
  • "For me, gradual means we will need to see more evidence on this disinflation process continuing before we can continue to ease policy."

***

The Bank's Monetary Policy Committee lowered rates earlier this month, to 4.75%

  • second cut this year


                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: BoE Lombardelli  - need more evidence of cooling price pressures before another rate cut (https://www.forexlive.com/centralbank/boe-lombardelli-need-more-evidence-of-cooling-price-pressures-before-another-rate-cut-20241126/)

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