BOE's Bailey: We are not in a place now to be discussing interest rate cuts

<ul><li>That (the discussion) is not happening</li><li>We have not seen enough evidence of inflation moving to 2% yet to be confident</li></ul><p>Well, either way markets are still convinced that we'll get to this point by some time during the middle of next year. For now, with inflation still needing to trend lower, we can't expect policymakers to say as such – especially in the UK.</p>

This article was written by Justin Low at www.forexlive.com.