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At the Treasury Select Committee hearing after the February Monetary Policy Report, BoE Governor Andrew Bailey said a rate cut at the next meeting was a genuinely open question and that there was scope for easing this year. Chief Economist Huw Pill was more cautious, saying the job of bearing down on inflation was not yet complete.
The mixed signals point to gradual BoE easing, which mainly pressures sterling and has little direct effect on feed commodity prices.
fxstreet.comPablo PiovanoFeb 24, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
