- Inflation had fallen more rapidly than what was expected a year ago
- There are a number of potential paths ahead
- But the base case scenario implied is that BOE would stick with more “gradual” rate cuts
- This central view means BOE would have to “lean in a bit harder” to keep disinflation process on track
- Full transcript (may be gated)
This article was written by Justin Low at www.forexlive.com.
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