jackpotincom| Bank of England Governor Bailey: If the economic and inflation situation is in line with expectations, there is reason to cut interest rates

Bank of England Governor Andrew Bailey saidjackpotincomIf the economy and inflation evolve in line with the central bank's expectations, there will be reason to cut interest rates.

Bailey said that "all meetings are possible." Earlier, the Bank of England voted to keep interest rates at a 16-year high of 5.5%.jackpotincom.25% unchanged.

"If the situation develops as the forecast suggests... A less restrictive policy path is likely to be adopted. They are all conditional."

“jackpotincomWe have changed our view of the persistent second-round effects of inflation. We believe that there is evidence that it will not be as obvious as we thought."

He used Thursday's meeting to curb market bets on a slower interest-rate cycle, saying there was a "high bar" for comment on market interest rate expectations.

"A lot of recent market trends seem to have come from the United States."

"The inflation dynamics here are different from those in the United States. As far as our economy is concerned, the situation is very different."

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