Market News
BoE's Taylor says 4 rate cuts by end of 2025 would be gradual - REUTERS
LONDON, Nov 19 (Reuters) - The Bank of England's most recently appointed interest rate-setter Alan Taylor said the central bank's gradual approach to cutting borrowing costs was in line with recent market pricing for about four quarter-point cuts by the end of 2025.
"I think if you ask what does gradual mean right now, it's aligned in our case closely to the market curve, so that would be in line with about 100 basis points over the next year," Taylor told the Treasury Committee in parliament on Tuesday.
