How far will BoE move away from Fed's stance? Investors await a clearer signal
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Investors are awaiting a clearer signal from the Bank of England (BoE) on how far it will move away from the Federal Reserve's stance on interest rates. BoE Governor Andrew Bailey has distanced Britain from the US's resurgent consumer price pressures, pointing to "strong evidence" of UK inflation receding. The central bank is widely expected to keep rates at 5.25%, and investors will watch closely for clues on whether policymakers see June or August as an opportunity to begin cutting borrowing costs. The decision will be followed by GDP data showing the UK economy exited a shallow recession in Q1 2024.

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https://m.economictimes.com/news/international/business/how-far-will-boe-move-away-from-feds-stance-investors-await-a-clearer-signal/articleshow/109850720.cms