BOE's Bailey: We cannot say that interest rates have peaked

<ul><li>Markets form their own view</li><li>We are more cautious than markets</li><li>It's really too early to start speculating about rate cuts</li><li>There is more to do on bringing inflation down to target</li><li>But there are encouraging signs on inflation</li></ul><p>Bailey is offering some pushback to the market pricing in recent weeks but even so, the odds of a rate cut in May are still seen at ~94% currently with 42 bps of rate cuts priced in for June next year.</p>

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