BOE's Bailey: Path of Interest Rates 'Is Downwards'

The video discusses the uncertainty in the global economy and the downward path of interest rates. It highlights the differing views within the committee and the importance of market reactions. The Bank of England's decision to hold interest rates is explained, with a focus on the economic data and surprises in wage growth. The video concludes with a future outlook and the rationale behind the decisions made.

What factors does the speaker indicate could influence future interest rate decisions?

What was the speaker's perspective on the recent economic data?