BOE’s Bailey Raises Prospect of More Aggressive Rate Cuts
- Governor comments in interview with Guardian newspaper
- Says events in Middle East being monitored as oil prices rise
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Bank of England Governor Andrew Bailey has held out the prospect of the central bank becoming more proactive in cutting interest rates, provided inflation stayed subdued.
In an interview with the Guardian, Bailey said he was encouraged by the fact that cost-of-living pressures were not as persistent as the BOE feared they might be.