Bailey Says March Rate Cut Is a 50-50 Prospect After Split BoE Vote
Bank of England Governor Andrew Bailey told Bloomberg TV that a 50% chance of a rate cut in March is a reasonable assessment after the Monetary Policy Committee voted 5-4 to keep the benchmark rate at 3.75%. Bailey, who cast the deciding vote to hold, said he needs to see "more evidence" that inflation will stay near the bank’s 2% target, which the…