BoE's Bailey hints at rate cuts with March meeting a 'genuinely open question'

Speaking at a Treasury Committee hearing on Tuesday (24 February), Bailey told MPs that there is "scope for some form of further easing during most probably this year".  Bailey has been a swing voter during recent Monetary Policy Committee (MPC) meetings, often casting the decisive vote in a heavily split committee.  In December 2025, he opted for a cut which saw the Bank rate reduced from 4% to 3.75% but switched to a hold at the BoE's most recent meeting in February.  He cautioned that a fall in headline inflation translating through into inflation expectations remained "still a ...