Bank of England Governor Andrew Bailey Talks Rate Decision

Andrew Bailey, the Governor of the Bank of England, shares insights into the recent decision to lower the benchmark interest rate to 4.75%. He discusses the implications of gradual rate cuts amid economic uncertainties and inflation forecasts. The conversation also covers market reactions to budget announcements and the effects of U.S. trade policies on the UK economy. Additionally, Bailey examines challenges posed by a fragmented global economy and stresses the importance of monitoring rising bond issuance in the UK and US.