# Bank of England: Cuts on the table, conviction still building

> 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.

- Date: 2026-02-24 · published 2026-02-24T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/20864-bank-of-england-cuts-on-the-table-conviction-still-building
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

The mixed signals point to gradual BoE easing, which mainly pressures sterling and has little direct effect on feed commodity prices.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/bank-of-england-cuts-on-the-table-conviction-still-building-202602241538

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.